The Petcoke market in India has not changed from the trend in the week last. Strong demand, stable domestic prices and unchanged international offers persisted.
Offers for Petcoke (6.5% Sulphur) from USA has remained steady at around USD 96/MT CFR India; and in a similar fashion offers for Petcoke(9% Sulphur) also has stayed unmoved at around USD 93/MT CFR India.
Source: CoalMint Research
In India, strong demand was prevailing due to the robust purchases by all sections of user-industries. Given the strong and uniform demand, alongwith the ample supply, the domestic producers are likely to roll-over their ex-works prices from the onset of Sep’17. However, a slight increment cannot also be ruled out in view of the higher international offers.
The country’s largest producer, Reliance Industries Limited (RIL), has quoted its ex-works price at INR 6,850/MT. And, Essar, the country’s second largest producer, also has fixed its ex-works price at INR 6,845/MT.
Mangalore Refinery and Petrochemicals Limited (MRPL) has quoted its ex-works by at INR 6,190/MT.
Source: CoalMint Research
Also, the buyers were learnt to prefer the domestic market for their Petcoke purchases as the domestic prices were lower and supply was ample.
IMPORTS
Substantial Petcoke imports have entered into India as demand was strong. During the 1-26 Aug2017 period, around 1.2 MnT of Petcoke was imported in the country, data compiled by CoalMint Research shows.
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