US Gulf high-sulphur petroleum coke prices are bouncing up because of lower freight rates and sellers holding out for higher prices. Prices for 6.5pc sulphur coke have rebounded to the mid- $20s/t after testing the $20/t level in a few deals two weeks ago. Demand remains weak, but supply is limited as sellers have closed out their 2015 contracts and others are holding on to whatever they have left in order to capitalize on restocking demand in early 2016.
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