MSTC Limited, on behalf of Indian Oil Corporation Limited (IOCL), will conduct an E-auction for selling 70,000 MT of Petcoke from the Paradip refinery of IOCL.
The prospective bidders will have to deposit a pre-bid Earnest Money Deposit of INR 10, 00,000 for participating in the E-auction irrespective of their bid quantities.
Delivery Period is from 17 Sep’18 to 15 Oct’18 on working days.
The bids will be open on 15 Sep’18 at 11:00 Hrs and will close at 13.00 Hrs.
For contact details and other information view TENDER SECTION
Last IOCL auction for Pet Coke on 30 Aug’18 received poor response, wherein only 10,000 MT out of the entire lot quantity of 80,000 MT was sold out to major cement companies at a reserve price of INR 7,900, which was INR 100 higher as compared to the previous auction held on 6 Aug’18.
PRICE ASSESSMENTS:
The latest offers for pet coke (6.5% sulphur) from USA are assessed at around USD 125/MT CNF India, while offers for pet coke (9% sulphur) from Saudi Arabia are assessed at around USD 119/MT CNF India.
Currently, Indian domestic prices of pet coke are INR 9,200/MT (Reliance Industries Ltd.) and INR 8,320/MT (Mangalore Refinery and Petrochemicals Ltd.).
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