Petroleum Coke Price Trend Q3 2025
In Q3 2025, the global Petroleum Coke market reflected a mostly bearish trend, with most regions witnessing a decline in prices due to ample supply and moderate demand. Major exporting countries like the USA and China lowered FOB offers amid reduced international enquiries and high inventories. Import-dependent markets across Asia-Pacific, Latin America, and the Middle East reported limited buying momentum, despite stable freight conditions. While a few regions, for example, Australia and UAE observed marginal price upticks, the overall Petroleum Coke price trend globally remained soft, shaped by cautious procurement and subdued economic indicators.
China
Petroleum Coke Export Price from FOB China, Grade: Non-Calcined.
In Q3 2025, Petroleum Coke price in China witnessed a decline of 3.66%, with FOB China offers ranging USD 278–306 per metric ton. The Petroleum Coke price trend in China remained subdued as overseas enquiries softened and domestic supply stayed ample. Exporters adjusted offers marginally to remain competitive, especially amid strong regional alternatives from India and Korea.
According to PriceWatch, in September 2025, Petroleum Coke prices in China went up by 0.67%, supported by steady export activity and modest improvements in downstream utilization rates. Refining operations continued at consistent levels, ensuring stable feedstock availability. Despite the mild recovery, cautious sentiment persisted due to calculated global consumption growth, while sellers maintained a restrained approach to pricing in anticipation of subdued demand into Q4.
USA
Petroleum Coke Export Price from FOB USA, Grade: Sulphur Content 4.5%.
In Q3 2025, Petroleum Coke price in the USA dropped by 8.57%, with FOB offers ranging USD 67–77 per metric ton. The Petroleum Coke price trend in the USA remained bearish, pressured by tepid international demand and rising inventories of high-Sulphur grades. Exports faced additional competition from Gulf and South American suppliers, resulting in lower netbacks for refiners.
In September 2025, Petroleum Coke prices in the USA dipped by 5.63%, reflecting persistent oversupply and limited purchasing activity from Asian and Latin American buyers. Refiners maintained steady throughput, but downstream consumption failed to improve. Sellers continued adjusting offers strategically to retain long-term customers, while freight stability helped sustain shipment volumes amid a largely weak market tone.
India
Petroleum Coke Domestically Traded Price from Ex-Jamnagar, Grade: Non-Calcined (Grade A).
In Q3 2025, Petroleum Coke price in India registered a dip of 5.53%, with domestic offers ranging USD 152–162 per metric ton. The Petroleum Coke price trend in India reflected high inventory levels and weak offtake from key industrial consumers. Refining activity in Jamnagar and other coastal hubs remained stable, but demand from cement and power sectors was tepid.
In September 2025, Petroleum Coke prices in India went down by 2.07%, pressured by muted procurement and sufficient domestic stock availability. Sellers adopted discounting measures to stimulate sales, yet buyers remained hesitant due to expectations of further softening. The quarter ended with cautious trading sentiment, with participants anticipating limited recovery until a rebound in construction and energy demand emerges.
Australia
Petroleum Coke Import Price at CIF Melbourne from China, Grade: Calcined.
In Q3 2025, Petroleum Coke price in Australia showed a mild increase of 0.76%, with CIF Melbourne offers ranging USD 366–424 per metric ton. The Petroleum Coke price trend in Australia remained firm during steady import volumes and marginally higher freight costs. Buyer enquiries rose as some industrial users replenished inventories following earlier destocking phases.
In September 2025, Petroleum Coke prices in Australia increased by 3.98%, reflecting balanced demand and stable shipments from Chinese exporters. Consistent supply flows ensured smooth trade activity, while moderate downstream consumption maintained a steady import pace. Despite subdued global dynamics, Australia’s domestic market retained equilibrium, supported by controlled availability and predictable freight schedules that underpinned stable pricing momentum through the quarter.
United Arab Emirates
Petroleum Coke Import Price at CIF Jebel Ali from China, Grade: Calcined.
In Q3 2025, Petroleum Coke price in the United Arab Emirates went up by 0.89%, with CIF Jebel Ali offers ranging USD 369–395 per metric ton. The Petroleum Coke price trend in the UAE was shaped by regular inflows from China and modest freight adjustments. Importers maintained moderate restocking activity, focusing on stable end-user demand within construction and power segments.
In September 2025, Petroleum Coke prices in the UAE increased by 0.26%, indicating a stable trade environment supported by consistent supply from Asian exporters. The market tone remained stable, with no major disruptions in availability or logistics. Sellers maintained firm offers, and transactional activity reflected cautious optimism, pointing to a steady pricing outlook into the next quarter.
Brazil
Petroleum Coke Import Price at CIF Santos from USA, Grade: Sulphur Content 4.5%.
In Q3 2025, Petroleum Coke price in Brazil saw a decline of 3.92%, with CIF Santos offers ranging USD 116–125 per metric ton. The Petroleum Coke price trend in Brazil was subdued, influenced by limited domestic demand and consistent import arrivals from the USA. Freight conditions remained favorable, enabling regular shipments despite weak consumption.
In September 2025, Petroleum Coke prices in Brazil slipped by 1.09%, due to stable logistics and subdued end-user procurement. Importers exhibited cautious buying behavior, focusing on short-term contracts amid uncertain economic conditions. The overall market environment stayed muted, with sellers facing price resistance and adjusting offers marginally to maintain competitiveness in the regional market.
Mexico
Petroleum Coke Import Price at CIF Manzanillo from USA, Grade: Sulphur Content 4.5%.
In Q3 2025, Petroleum Coke price in Mexico dropped by 4.28%, with CIF Manzanillo offers ranging USD 125–135 per metric ton. The Petroleum Coke price trend in Mexico reflected oversupply and soft regional demand, keeping prices under pressure. Import volumes from the USA remained consistent, aided by stable freight rates and routine logistics.
In September 2025, Petroleum Coke prices in Mexico fell by 1.61%, as buying interest stayed subdued amid minimal industrial activity. Sellers adopted flexible pricing strategies to keep buyers, yet transaction frequency remained low. Despite stable supply conditions, muted downstream demand and cautious procurement kept the overall market tone restrained throughout the quarter.
Japan
Petroleum Coke Import Price at CIF Tokyo from USA, Grade: Sulphur Content 4.5%.
In Q3 2025, Petroleum Coke price in Japan fell notably by 7.68%, with CIF Tokyo offers ranging USD 181–206 per metric ton. The Petroleum Coke price trend in Japan stayed weak, weighed down by high inventories and reduced consumption across major industrial sectors. Freight rates saw slight downward movement, but demand-side weakness persisted.
According to PriceWatch, in September 2025, Petroleum Coke prices in Japan dipped by 4.61%, reflecting continued oversupply from the USA and cautious procurement activity. Importers postponed fresh deals, awaiting clearer signals on global energy pricing. Sellers introduced limited discounts to sustain shipment volumes, yet the market maintained a bearish outlook with modest expectations for recovery in Q4 2025.



