Petroleum coke prices continued to soften globally over the past week, as many buyers hold of on purchasing to see how far the market corrects. Bids from buyers in the main Asia-Pacifc markets in India and China have fallen rapidly on lower coal prices in this re- gion. But some ofers for US coke are still being heard in these countries — at much lower levels than a few weeks ago — despite higher netbacks from Atlantic basin destinations. This suggests that there has been some increase in the availability of US Gulf cargoes recently. One US refner was heard to have sold a high-sulphur coke cargo in the mid-$140s/t on an fob basis this week.
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