Indian-delivered prices for seaborne petroleum coke have increased moderately over last month amid persistent supply tightness in the US Gulf Coast (USGC) region.
India’s domestically-produced pet coke prices have also firmed up over the past few months, following a steady resurgence in import demand by cement manufacturing companies.
The current average price of US-origin pet coke (6.5% sulphur) is assessed at around US$ 84-85 per tonne (t) on CNF India basis, compared with US$ 82-83/t during the same week of last month. This indicates a slight increase of US$ 2-3/t over the past 4-week period.
Offers for Saudi-origin pet coke (9% sulphur) are presently hovering in the range of US$ 81-82/t CNF India, as against the last month’s price of around US$ 78-79/t. This also indicates an increase of US$ 2-3/t in last four weeks.
The USGC FOB price of pet coke (6% sulphur) – widely accepted as reference across international markets – has increased to US$ 50-51/t. This reflects an increase by US$ 7-8/t over the price of US$ 42-43/t prevailing in the last month.
Furthermore, shipping freight rates from USGC to Indian ports for Supramax vessel (50,000-55,000 tons deadweight (DWT)) have decreased to approximately US$ 35-36/t over last month’s rates of US$ 37/t.
Leave a Reply