Pet coke prices have remained stable in Indian market.
Reliance Industries Limited, the country’s largest producer, had last revised its ex-work price to INR 3,500/MT on 31 Dec’15.
Notably, there has been no variation in import offers to cause any deviation in domestic ex-work prices.
According to a reputed importer, offers for Pet coke (with around 9% Sulphur content) from Saudi Arabia are unchanged at USD 38-39/MT, CFR India. While, offers of material (with around 6.5% Sulphur content) from US are assessed at USD 47-48/MT, CFR India.
In the meantime, domestic purchases also remained strong due to low prices of domestic materials.
While, import continued to land at Indian ports as low offers tempted Indian buyers to procure from overseas markets. SteelMint data shows that 7, 26,650 MT of Pet coke has already been imported into the country during the 1st half of Jan’16, mostly by cement manufacturers. The prominent import regions were Saudi Arabia and US, the data shows.
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