MSTC Limited, on behalf of Indian Oil Corporation Limited (IOCL), will conduct an E-auction for selling 100,000 MT of Petcoke from the Paradip refinery of IOCL.
The prospective bidders will have to deposit a pre-bid Earnest Money Deposit of INR 1,0 00,000 for participating in the E-auction irrespective of their bid quantities.
The bids will be open on 07 May’18 at 11 am and will close at 13.00 pm.
For contact details and other information view TENDER SECTION
The latest offers for US petcoke with 6.5% sulfur are assessed at USD 113/MT CFR. Simultaneously, the recent offers for petcoke (9% sulfur) from Saudi Arabia are at around USD 110/MT CFR.
The international offers coupled with limited availability due to ongoing refinery maintenance in the US, most Indian buyers have preferred the domestic market for their petcoke procurement—hence, strong demand has been prevailing in the country’s domestic markets.
RIL the largest petcoke producer in India, has just raised its prices by INR 100/MT to INR 9,050/MT, with effect from 1May’18
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