Petcoke prices have gone up in India due to shortage.
The country’s largest producer, Reliance Industries has revised its ex-work price upward by INR 150/MT to INR 4,150/MT w.e.f today. Essar, the 2nd largest producer in the country, has also raised its ex-work price by the same amount to INR 4,140/MT effective from 1 Apr’16.
In the international markets, supply was heard to go lower and import offers from key international markets have also gone up as a result.
According to a reputed importer in the country, offers of Petcoke (with 9% Sulphur content) have gone up to USD 43-44/MT, CFR India. Offers of the material (with 6.5% Sulphur content) from the US have also moved up to USD 47-48/MT, CFR India.
In the meantime, Petcoke production in refineries in the country has been going on in full-swing. Prevalence of strong demand has depleted stocks, leading to shortage. Some traders revealed to CoalMint that supplies from domestic producers were irregular.
Petcoke production in India in FY16
|
Month |
Quantity (000’ MT) |
| Apr’15 |
825 |
| May’15 |
1044 |
| Jun’15 |
1070 |
| July’15 |
1037 |
| Aug’15 |
1085 |
| Sept’15 |
905 |
| Oct’15 |
926 |
| Nov’15 |
1064 |
| Dec’15 |
1066 |
| Jan’16 |
1100 |
| Feb’16 |
980 |
| Total |
11,103 |
Source: Ministry of Petroleum and Natural Gas, Government of India
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