The Petcoke market in India has remained almost identical with that in the last week. Stable domestic prices, lower import offers and stronger demand from non-cement sectors were the facets of the market during this week.
Low demand from the cement sector has compelled suppliers in the key international markets to lower their international offers.
The latest import offer for Petcoke(9% Sulphur) from USA is assessed at USD 87-88/MT CFR India; while, that for Petcoke(6.5% Sulphur) from Saudi Arabia at USD 84-85/MT CFR India.
Source: CoalMint Research
Traders spoken to by CoalMint said that demand for the fuel from the non-cement sectors, like textile and paper, were stronger. However, demand from the cement sector remained low, they said. Slowdown in the construction segment has constrained the country’s cement makers to lower their plant operating rates, squeezing demand for Petcoke.
Indian producers have retained their ex-works prices at the last revised rates. Reliance Industries Limited (RIL), the largest producer in the country, retained its ex-works price at INR 6,350/MT; and Essar, the second largest producer, kept its price unchanged at INR 6,340/MT.
Source: CoalMint Research
Mangalore Refinery and Petrochemicals Limited (MRPL) also has retained its Petcoke prices at INR 6,067/MT (ex-works), for customers outside the Karnataka state; and for buyers outside the state, the price is also retained at INR 5,967/MT (ex-works).
IMPORTS
During the 1-17Feb’17 period, 427.37 ‘000MT of Petcoke was imported into India, data compiled by CoalMint Research shows.
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