After a brief lull in the Petcoke market in India, demand is gradually returning to the market. Traders spoken to by CoalMint said that the purchases by the textile players were gradually resuming, creating demand.
There was, however, no change in the international offers. The latest offer for Petcoke (6.5% Sulphur) from USA is reported to remain stable at around USD 89/MT CFR India. Likewise, the recent offer for Petcoke(9% Sulphur) from Saudi Arabia is also reported unchanged at around USD 85/MT CFR India.
Source: CoalMint Research
Similarly, there was also no change in the domestic ex-works prices. Reliance Industries Limited (RIL), the largest Petcoke producer in the country, has quoted its ex-works price at INR 7,000/MT. Essar, the second largest producer in India, has set its ex-works price at INR 6,990/MT. Mangalore Refinery and Petrochemicals Limited (MRPL) has quoted its ex-works price at INR 6,610/MT.
It is also to be noted that the dynamics of the Petcoke market in the country is on a verge of a change-over as the directive of the National Green Tribunal (NGT) will come to effect with the onset of Aug’17.
Source: CoalMint Research
IMPORTS
During the 1-12Jun’17 period, around 384,486 MT of Petcoke was imported in India, data compiled by CoalMint Research shows.
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