Pet coke prices have remained stable this week, amid active demand.
Indian producers seem to have not revised their ex-work prices as imports offers remained unchanged. Offers from Saudi Arabia are at around USD 42/MT CFR India, while, offers from US are at around USD 51-52/MT CFR India. And, basic price of Pet coke of Reliance Industries Limited, the largest producer in the country, remains at INR 4,400/MT.
Prevalence of low prices has triggered substantial demand in the country. Buyers were also vigilant on price fluctuations, as learnt in a communication with a trader.
Besides, substantial import bookings continue to prevail due to low offers.
Pet coke imports into India in Oct’15
| Origin | Quantity (in MT) |
| USA | 275,400 |
| Saudi Arabia | 246,050 |
| UAE | 118,600 |
| China | 90,300 |
| Indonesia | 56,900 |
| South Africa | 11,000 |
| Others | 56,300 |
| Grand Total | 854,550 |
Source: SteelMint Research
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