SMM Analysis: Domestic Petroleum Coke Demand Boosts November Imports Recovery

[SMM Analysis: Domestic Petroleum Coke Demand Improves, November Petroleum Coke Imports Show Recovery]

Overall, in November 2024, petroleum coke imports showed recovery as downstream demand for low-sulphur imported coke in the domestic market improved since October, driving strong sales performance. Coupled with slightly tight port spot supply of low-sulphur coke, the price of low-sulphur imported coke continued to rise. This trend has led to a sustained recovery in the domestic petroleum coke market, with port inventory gradually decreasing and traders' sales significantly improving. Against this backdrop, the market overall performed positively, and SMM expects Q4 petroleum coke imports to increase QoQ.