Petcoke prices in India have gone up in response to the rising demand.
INDIAN PRODUCERS RAISE PRICES
Indian Petcoke producers have revised their ex-works prices upwards in response to the rising demand.
Reliance Industries Limited, the largest producer in the country, has raised its ex-works price by INR 450/MT to INR 7,150/MT. Essar, the country’s second largest producer, has revised its ex-works price upwards by INR 455/MT to INR 7,145/MT.
Source: CoalMint Research
However, Mangalore Refinery and Petrochemicals Limited (MRPL) has not yet revised its prices. MRPL’s ex-works price for Petcoke has remained at INR 5,910/MT, for customers outside the Karnataka state; and for customers within the state, the price has remained at INR 5,810/MT.
OFFERS REMAINS UNCHANGED
Petcoke offers from the key international markets have stagnated at the previous rates. The latest offer for Petcoke (6.5% Sulphur) from USA is reported unchanged at USD 98-100/MT CFR India. In a similar trend, the recent offer for Petcoke(9% Sulphur) from Saudi Arabia is also reported stable at USD 90-92/MT CFR India.
Source: CoalMint Research
PRODUCTION
Petcoke production in India during FY17 was at 12,915 ‘000MT, lower by around 3% over the production of 13,319 ‘000MT in FY16.
Source: CoalMint Research
IMPORTS
During the 1-26Apr’17 period, around 0.8 MnT of Petcoke was imported into India, data compiled by CoalMint Research shows.
Leave a Reply