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PET coke, also referred to as petroleum coke, is a carbon-rich solid substance generated from oil refining. It is created as a byproduct of the oil refining process when heavy crude oil is subjected to high temperatures in a process known as cracking. It is mostly made of carbon, with trace amounts of sulphur, nitrogen, and metals.
It is widely utilised as a fuel in a variety of industrial operations, including power generation, cement manufacturing, and steel production.
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However, owing to its high carbon content and the environmental impact of its manufacturing and use, PET coke is also a contentious fuel. When PET coke is burned, it emits a large amount of carbon dioxide, a greenhouse gas that contributes to climate change.
The United States, China, the United Kingdom, Brazil, and Germany are the leading producing countries across the globe.
Key Details About the PET Coke Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the PET Coke price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The PET Coke Price Trend, chart, including India’s PET Coke price, and USA’s PET Coke price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting PET Coke Price Trend:
PET coke is widely utilised as a fuel in a variety of industrial operations, including power generation, cement manufacturing, and steel production. It is a high-energy fuel with a low ash percentage that is reasonably cheap in comparison to other fuels.
It is a raw material used in the manufacture of carbon anodes, which are employed in the aluminium industry. Anodes are used to carry electricity during the smelting of aluminium from bauxite ore.
It is used as a raw material in the manufacture of graphite electrodes for the steelmaking industry. Electric arc furnaces, which are used to make steel, employ graphite electrodes to conduct electricity.
It is utilised as a feedstock in the manufacturing of a variety of chemicals, including carbon black, which is used as a reinforcing ingredient in rubber products.
Key Players:
- Vasundhra Enterprises
- Dwarkesh Fuel Industries,
- Laxmi Mineral (Hindustan Westcoast Trading Co. Group)
- N G Minchem Private Ltd
- Indian Oil Corporation Ltd
Recent News
- January 2023: Phillips 66 and DCP Midstream, LP announced a definitive agreement under which Phillips 66 will acquire all publicly traded standard units representing limited partner interests in DCP Midstream for USD 41.75 per standard unit, increasing its economic interest in DCP Midstream to 86.8%. It will improve the corporation while also increasing the market productivity of petroleum coke in certain ways.
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Procurement Resource offers in-depth research on product pricing and market insights for more than 500 chemicals, commodities, and utilities updated daily, weekly, monthly, and annually. It is a cost-effective, one-stop solution for all your market research requirements, irrespective of which part of the value chain you represent.
We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and most up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team tracks the prices and production costs of a wide variety of goods and commodities, hence providing you with the latest and consistent data.
To get real-time facts and insights to help our customers, we work with a varied range of procurement teams across industries. At Procurement Resource, we support our clients, with up-to-date and pioneering practices in the industry, to understand procurement methods, supply chain, and industry trends, so that they can build strategies to achieve maximum growth.
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