Atlantic demand still supports coke pricing

摘要

US Gulf fob petroleum coke prices frmed this week, despite an anticipated supply recovery as demand in the key Asia- Pacifc market remains weak. Traders had widely varying opinions following a US refnery tender that closed this week in the mid-$70s/t on an fob barge basis. Costs to get the coke onto an oceangoing vessel can range from as low as $1.50/t to as high as $4/t, depending on logistics options. And the cargo had much higher sulphur than the benchmark 6.5pc, leading some to suggest the true market was still as much as $80/t.