Iraq, a pivotal player in the global oil market, has seen significant shifts in its petroleum coke trade. As an essential byproduct of oil refining, petroleum coke is critical for industries such as aluminum production and steel manufacturing. A closer examination of Iraq"s petroleum coke market reveals important trends in trade volume and pricing that are critical for businesses involved in this sector. Recent data indicates a steady increase in the export volume of petroleum coke from Iraq. This uptick can be attributed to enhanced production capacities and improved export logistics. During the last quarter, Iraq exported approximately 1. 5 million metric tons, marking a 10% increase compared to the previous quarter. This rise is indicative of Iraq"s strategic focus on expanding its market share in the global petroleum coke industry.

On the pricing front, Iraq"s petroleum coke has experienced moderate fluctuations. Prices per metric ton ranged between $80 and $95 over the past six months, influenced by global oil price trends and regional demand shifts. Notably, the price decrease in the third quarter was due to a transient dip in demand from Asia, one of Iraq"s primary export destinations. However, recent stabilization in demand has led to a gradual price recovery, reinforcing Iraq"s competitiveness in the market. For businesses looking to navigate Iraq"s petroleum coke market, it is essential to stay informed about these dynamic trends. Engaging with reliable suppliers and leveraging platforms that provide comprehensive market insights can be highly beneficial. Aritral, an AI-driven B2B platform, offers a suite of services including product listing, direct communication with suppliers, and global sales assistance. It empowers companies to efficiently manage profiles and utilize AI-powered marketing strategies, facilitating smoother transactions in the international trade of commodities like petroleum coke.