Petcoke purchases in India are gaining momentum, pulling up import offers from the key international markets by significant levels.
Traders spoken to by CoalMint said that demand from all the consuming sectors had strengthened, and demand will become stronger in the days to come.
The latest import offer for Petcoke (6.5% Sulphur) from USA is assessed higher by around USD 6/MT, at USD 100/MT CFR India. In a similar trend, the recent import offer for Petcoke(9% Sulphur) from Saudi Arabia is also assessed up at USD 95/MT CFR India, higher by around USD 8/MT.
Source: CoalMint Research
Indian producers have, however, not incorporated any change to their ex-works prices.
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
Mangalore Refinery and Petrochemicals Limited (MRPL) also has kept its prices stable. 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).
IMPORTS
Petcoke imports have arrived into the country as demand strengthened. During the 1-17Mar’17 period, around 0.48 MnT of Petcoke had landed at Indian ports, according to CoalMint Research.
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