Reliance Industries Limited (RIL), the country’s largest pet coke producer having approximately 40% share, has hiked its price to INR 9,600/MT, with effect from 1 Jul’18. It is INR 150 higher as compared to its Jun’18 price and INR 2,600 higher as compared to its Jul’17 price.
Notably, it is the 7th consecutive upward price revision by RIL in the past 8 months.
Furthermore, Mangalore Refinery & Petrochemicals Ltd. (MRPL) has also raised its pet coke price to INR 8,540/MT, which is INR 260/MT higher than a month ago.
Source: Lavi FinCorp
Meanwhile, import offers for pet coke stay at highs, despite marginal price drops in the past week.
The latest offers for pet coke (6.5% sulphur) from USA are assessed at around USD 111/MT CNF India, while offers for pet coke (9% sulphur) from Saudi Arabia are assessed at around USD 107/MT CNF India; both these offers have remained unchanged since few weeks.
Source: CoalMint Research
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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