The atmosphere in the Indian Petcoke market has remained almost as that in the week last, undergoing no change. Stable domestic prices, unchanged offers and strong demand persisted. However, purchases in some markets were affected by the demonetization.
The prevailing domestic prices of Petcoke are: INR 6,350/MT (Reliance Industries Limited ) and INR 6,340/MT (Essar).
Source: Market Participants
In a similar trend, import offers also have stagnated at the rates assessed the week last. Supply tightness has continued to keep the import offers at highs.
The latest import offer of Petcoke (6.5% Sulphur) from USA was assessed stable at USD 102/MT CFR India; and that of the material l(9% Sulphur) from Saudi Arabia at USD 90/MT CFR India.
IMPORTS
During the 1-9Dec’16 period, 435,880 MT of Petcoke was imported into India, according to CoalMint Research.
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