One additional factor for Pemex Refineries adding cokers & processing more Maya – is of course that they are making a great deal more fuel grade petcoke. Prior to coker additions Mexico was one of the top ten Export countries for US which has export nearly 60% of its fuel coke production. (Similar thing is also occuring with another prime US export fuel coke market – Canada due to addition of many Upgrade cokers)
One of the top consumers Cemex a leading cement company (who also owns several plants in the US) is JV for the Caderyata Coking unit and takes all of that plants fuel coke to make power for Cemex & for fuel in cement process.
The high US export fuel coke prices and growing domestic fuel coke availiabilty has enabled Cemex to take strong positions for lower prices in spot markets.
