India’s domestic petroleum coke sales fell by 24% m-o-m to 0.65 mnt in November 2022. The drop in sales can be attributed to slower demand from the cement sector due to the extended monsoons and labour shortage amid the festive season.
However, on a cumulative basis, for April-November 2022, the same has seen a double-digit growth of 13% y-o-y.
Qty in mnt
Notably, the domestic sales data includes all types of petroleum coke, including fuel grade, anode grade (LS) and calcined petroleum coke (CPC). However, the volumes do not include imports or exports.
Company-wise
Qty in mnt
On monthly basis, the highest growth in November was recorded by CPCL, by over 213%, followed by RIL, by 115%. The maximum negative growth was recorded by NEL due to shutdown of a unit in November 2022.
State-wise sales
Qty in mnt
Rajasthan continues to be the leader amongst all the states where domestic sales were the highest for the period April-November 2022. This is because of the concentration of various cement plants in the state, which source primarily from domestic producers apart from importing. The other states in the top 5, in order of quantity, were Gujarat, Madhya Pradesh, Karnataka and Tamil Nadu.
On a monthly basis, amongst the top 10 states, maximum growth was recorded by Chhattisgarh by 140%, followed by Andhra Pradesh during November 2022. Whereas, Karnataka recorded a maximum negative growth of (-) 33.1% followed by Punjab by (-) 28% over same month last year.
On a cumulative basis, for the period April-November 2022, the highest growth was recorded by Andhra Pradesh followed by Odisha. The maximum negative growth was recorded by Punjab by (-)19% followed by Rajasthan by (-) 4% for the above period as compared to the same period of last year.
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