Asia
During Q4’25, the Asian pet coke market showed strength, particularly in China and South Korea. In China, refinery outages and maintenance limited supply, while strong demand from the cement, anode, and electrode industries kept spot activity active. Seasonal restocking ahead of holidays and firm industrial consumption further supported prices. South Korea mirrored this trend, with steady downstream demand and a balanced mix of domestic production and imports keeping trading active. Overall, Asia experienced a generally firm tone, with price gains supported by tight feedstock availability and healthy industrial call-offs.
Europe
European pet coke markets were mostly stable in Q4’25. Supply remained sufficient, as refineries operated smoothly and inventories were balanced. Demand from the cement and industrial sectors was steady but not strong enough to push prices higher. Environmental regulations and compliance costs created some upward pressure on production costs, but this was offset by stable trade flows and moderate activity across key hubs like the UK and Rotterdam. As a result, Europe maintained a cautious and balanced price trend throughout the quarter.
North America
In North America, pet coke prices were generally steady with occasional firming. Production at key Gulf Coast refineries faced minor operational constraints, slightly tightening supply. Meanwhile, overall refinery throughput remained high, and demand from cement and industrial users was consistent. Despite these movements, the market stayed within a moderate range due to ample inventories and stable trade conditions.