China coke prices post record steep fall

摘要

High-sulphur petroleum coke prices on a cfr China basis have fallen by 28pc over the last fve weeks, as sellers scramble to replace lost demand from India and await China’s recovery from the Covid-19 pandemic. While fob US Gulf high-sulphur prices have held frm on tight supply in recent weeks, this frmness has belied weakness in major demand centers, with lower freight rates absorbing the drops in delivered pricing.