Petcoke prices in India have not risen despite demand from all sectors, including cement, going up.
Demand for Petcoke has started rising after a lull since Nov’17, following the demonetization drive impacting buyers’ liquidity. Demand from all the segments of Petcoke consumers, including cement, has now started getting stronger.
Despite the revival of buying by Indian cement producers, sellers in the key international markets have kept their offers unchanged.
The latest import offer for Petcoke(6.5% Sulphur) from USA is reported unchanged at USD 90/MT CFR India; and that for Petcoke(9% Sulphur) from Saudi Arabia also is reported stable at USD 87/MT CFR India.
Source: CoalMint Research
In the home market, the major domestic producers have rolled over their ex-works prices for Mar’17. Reliance Industries Limited (RIL), the largest producer in the country, has 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
In a dissimilar move, Mangalore Refinery and Petrochemicals Limited (MRPL) has lowered its Petcoke prices by INR 273/MT, with effect from 1Mar’17, presumably to push sales to cash in the rising demand in the country.
For buyers outside the Karnataka state, MRPL has quoted its Petcoke price at INR 5,794/MT(ex-works); and for buyers within the state, the price is quoted at INR 5,694/MT(ex-works).
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