[SMM Aluminum Express News] China's Shandong Nanshan Group plans a 100,000 bpd crude oil refinery in Indonesia's Galang Batang SEZ on Bintan Island, primarily to produce petroleum coke (petcoke) as feedstock for its planned aluminum smelter expansion. However limited information on the capacity of the petroleum coke as it is still currently on planning stage.

Formosa Petcoke holds a significant position in the imported petroleum coke market due to its stable quality, moderate pricing, and consistent supply system, becoming a key category that cannot be overlooked in the industry. To precisely align with the actual needs of carbon enterprises for petroleum coke products and assist market entities in deeply understanding the spot cost and price fluctuation trends of Formosa Petcoke, SMM will newly release FOB price data for Formosa Petcoke starting from June 16, 2025. This initiative aims to provide the industry with more comprehensive and diverse spot price information, offering enterprises a richer selection of settlement reference standards.