US Gulf petroleum coke prices softened this week, declining for the frst time since Hurricane Harvey hit the Texas coast at the end of August. Traders finally began to back away this week from high offers driven by the storm’s disruptions, as falling coal prices could prompt cement makers to start switching fuels. Some Texas Gulf refineries cancelled all of their September loadings to term contract customers, leaving even large buyers short. This opportunity drove traders with supply available from the Mississippi river and other locations to increase spot offers substantially.
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