Coke of coal price index

by | Prices Indexes

Coke of Coal price December 2024 and outlook (see chart below)

  • North America:US$0.39/KG, -2.5% down
  • Europe:US$0.38/KG, unchanged
  • Northeast Asia:US$0.24/KG, -4% down
  • South America:US$0.33/KG, unchanged
  • Australia:US$0.25/KG, unchanged
The chart below summarizes Coke of Coal price trend per region, as well as the outlook. It takes a moment to load.
List of trend indexes
Get Access Now
What is data source

Business Analytiq assumes no responsibility or liability for any errors or omissions in the content of this site. The information contained in this site is provided on an “as is” basis with no guarantees of completeness, accuracy, usefulness, fitness for purpose or timeliness.

Coke of Coal price index

This post is a summary of the Coal Coke price index developments since 2018. The Coke of coal price developments are expressed as a price index over time in US$, converted at current FX rates at the time. Coke of Coal price index developments are calculated from multiple separate sources of data to ensure statistical accuracy.

Further information on the Coke of Coal  price index

 

What is coke of coal

Coke is a solid carbonaceous material that is derived from the destructive distillation of coal. It is used as a fuel and as a reducing agent in the production of iron and steel.

 

How is coke of coal produced

To make coke, coal is heated to a high temperature in the absence of oxygen. This process, known as carbonization, removes impurities and volatiles from the coal, leaving behind a material that is mostly pure carbon. The resulting coke is hard and porous, with a high carbon content and a low ash content. It is an efficient fuel that burns with a bright, hot flame and is used in the production of iron and steel, as well as in other industrial applications. Coke is also used in the production of certain chemicals, such as methanol and acetylene.

 

What is Coke used for

Coke is primarily used as a fuel and as a reducing agent in the production of iron and steel.

As a fuel, coke is used in a variety of industrial applications where a high-temperature heat source is needed. It is used in blast furnaces to produce iron, in cupolas to produce steel, and in foundries to melt and cast metal. Coke is also used in the production of cement, glass, and other materials that require a high-temperature heat source.

In the production of iron and steel, coke is used as a reducing agent. When it is burned in the presence of iron ore, coke reacts with the oxygen in the ore to produce carbon dioxide, leaving behind a porous mass of iron called “pig iron.” Pig iron is then further processed to produce steel.

Coke is also used in the production of certain chemicals, such as methanol and acetylene.

 

Further reading

 

Coke market information

of iron and steel) and petrochemical coke (used in the production of chemicals and fuels), is significant and has experienced significant growth in recent years. According to a report published by Mordor Intelligence, the global coke market was valued at around $24 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 3.3% between 2021 and 2026.

Metallurgical coke is the main type of coke used in the iron and steel industry and accounts for the largest share of the global coke market. The demand for metallurgical coke is closely linked to the demand for steel, as coke is a key raw material in the production of iron and steel. The Asia-Pacific region is the largest market for metallurgical coke, followed by Europe and North America.

Petrochemical coke is used in the production of a wide range of chemicals, including methanol, acetylene, and other specialty chemicals. The demand for petrochemical coke is driven by the demand for these chemicals, as well as by the demand for fuels such as gasoline and diesel. The Asia-Pacific region is the largest market for petrochemical coke, followed by North America and Europe.

According to https://oec.world/ :

Coke, semi-coke of coal, lignite, peat & retort carbo are the world’s 521st most traded product.

In 2020, the top exporters of Coke, semi-coke of coal, lignite, peat & retort carbo were Poland ($1.39B), China ($851M), Colombia ($655M), Japan ($654M), and Russia ($564M).

In 2020, the top importers of Coke, semi-coke of coal, lignite, peat & retort carbo were India ($632M), China ($611M), Germany ($360M), Brazil ($296M), and Malaysia ($257M).

NEED A QUICK DOWNLOAD?

 

ACCESS TO OUR FULL DATABASE IS US$399/YEAR, WITH A 30-DAY $30 TRIAL

GET THAT DOWNLOAD IN 3 MINUTES!

BusinessAnalytiq provides a database of hundreds of market & price trend data, as well as online tools to set up benchmarks and leading indicators.

Get Access Now
businessanalytiq

Where does the data come from?

  • The source of the data are exclusively public non-confidential sources. We have no access to primary data
  • This the index trend of the price trend of the "product category" in general, and not a single specification of the product in particular
  • The data is a combination of contract and spot pricing
  • Our algorithms are set up to eliminate significant product mix impact on the reported price
  • We combine public publications, import/export records, trading prices, company announcements, magazine articles, tweets, and other sources of ad-hoc public information.
  • The chart shows the our best approximation of the market trend based on our algorithm interpretation of the signals
  • For most indexes we have multiple sources and we focus on using statistically-correlated sources
  • As a function of our automation, it is likely that recent trends will be adjusted as we discover more information. So, for example, the price trend for February 2024 will be first calculated in February 2024 and adjusted in March, April and May 2024.
  • We will update the data trend as more information becomes available, and this means that recent trends will always be adjusted as we get more data available
  • The algorithm will regularly revise our understanding of market trends, and indicated market trends may change
  • The data is presented in US$. The UOM of measure is shown in the Index list table
  • Our automated software and we do our best to create an accurate representation of the trend

 

Where does the data NOT come from?

  • We do not purchase data from any other source and republish it.
  • We will not purchase data from any other source and republish it
  • We do not extrapolate trends, even for the forecast. We look for other market signals and leading indicators

 

What data should our company use?

  • If you are making decisions driving significant share of profit, we always recommend that you buy data from the companies who invest in direct primary market access such as ICIS, amongst many others
  • Our data, at best, represents an estimate of the market trend based on public information
  • We have no direct access to the market, and we do not interview suppliers and customers
  • Our automated analysis tools in the online software are set up to combine our data with other sources of data
  • We do not recommend that you use our data for direct price mechanisms, as we may change and improve the data trends over time, including historical data

 

What does the quality indication in the main menu mean?

  • Quality level A: Data is from a reliable and confirmed source
  • Quality level B: Data is from multiple credible sources and there are no major statistical inconsistencies between them
  • Quality level C: Data is from multiple credible sources and there are some statistical inconsistencies between them
  • Quality level D: Data is from a single credible source, but we cannot verify the data
  • Quality level E: Data is either:
    • From a single source, which we consider reliable, but we cannot verify the data.
    • From 2 or more sources which have some periods of contradicting trends.
  • Quality level F: Data is from a single source which we consider indicatively correct, but the data is anecdotal and we cannot verify the data.

 

What are the disclaimers?

  • We assume no responsibility or liability for any errors or omissions in the content of this site.
  • The information is provided on an “as is” basis with no guarantee of completeness, accuracy, usefulness, fitness for purpose or timeliness.
  • By their nature, outlooks are always uncertain

 

How often do we update the data?

  • We aim to update the data series on the 9th and 24th of each month (but we do not always make it for each chart)
  • The data for the current month and recent history are fine-tuned over time.

 

What are we doing to improve the data?

  • We are continually improving our data collection and processing methods
  • Pricing data will be updated from time to time as we improve the accuracy
  • We are reviewing all data sources in the first half of 2024.
    • There will be continuous fine-tuning of the trend and forecast algorithm as part of that.
    • The key focus in 2024 is to add many additional indexes

 

How can i give feedback on the data or request for new indexes

  • Feel free to contact us if you have a specific request. You can reach us via the Contact us page