Asia-Pacifc buyers return to US Gulf coke market

摘要

Lower freight rates, steady demand and tight US west coast petroleum coke supply encouraged some Asia-Pacifc buyers to seek out US Gulf coast coke again this past week. Higher freight costs because of the longer voyage have generally made US Gulf supply uneconomic for buyers in Asia. US Gulf sellers can typically receive better netbacks selling to buyers in India, the Mediterranean or Latin America.