MSTC Limited, on behalf of Indian Oil Corporation Limited (IOCL), will conduct an E-auction for selling 60,000 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 15 Nov’18 to 14 Dec’18 on working days.
The bids will be open on 14 Nov’18 at 11:00 Hrs and will close at 13.00 Hrs.
For contact details and other information view TENDER SECTION
Prices of petroleum coke, both imported and domestic, have decreased substantially over the last month
Although 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, mostly cement manufacturers, have been switching to thermal coal or natural gas to avoid pollution issues.
The latest offers for pet coke (6.5% Sulphur) from USA are assessed at around USD 102/MT CNF India, while offers for pet coke (9% Sulphur) from Saudi Arabia are assessed at around USD 98/MT CNF India.
Currently, Indian domestic prices of pet coke are INR 9,350/MT (Reliance Industries Ltd.) effective from 1 Nov’18.
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