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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.
- Wikipedia for general, history, production and usage information
- PubChem for chemistry and property information
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.
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Notes on the price-data
- We aim to update the data series on the 11th and 25th of each month (but we do not always make it for each chart)
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