Import prices of petroleum coke have decreased to a slight extent over the past week. However, India’s domestically produced pet coke prices have continued to remain unchanged from the rates that prevailed in the previous week.
Though international pet coke prices were ruling strong from the beginning of this year, Indian market demand for the energy commodity remained subdued as the country’s end-users have been switching to thermal coal or natural gas to avoid pollution issues.
Notably, the Supreme Court’s deadline of June 30 this year, for the Centre to decide on the issue of banning pet coke import, ends in this week.
Also in the news—
Business Standard reported that Naveen Jindal owned Jindal Steel and Power (JSPL) is planning to partner with Indian Oil’s Paradip refinery for sourcing pet coke to partly meet the fuel needs of its steelmaking facility’s coal gasification plant (CGP) at Angul.
The latest offers for pet coke (6.5% sulphur) from USA are assessed at around USD 113/MT CNF India, while offers for pet coke (9% sulphur) from Saudi Arabia are assessed at around USD 109/MT CNF India.
Source: CoalMint Research
The current domestic prices of pet coke are INR 9,450/MT (Reliance Industries Ltd.) and INR 8,280/MT (Mangalore Refinery and Petrochemicals Ltd.).
N.B.:
i. The above prices are effective 1 Jun’18.
ii. These prices are exclusive of GST @18%.
iii. The MRPL price is for pet coke transported by rake/barge.
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