The Petcoke market in India has remained unchanged from that prevailed in the week last.
Strong demand has prevailed, and domestic prices have remained stable.
Import Offers Continue to Remain High
Tight supply continues to prevail in the key international markets, as a result, import offers have remained at high rates. Import offers from Saudi Arabia and USA have remained at around USD 82-83/MT CFR India respectively due to acute shortage. There is no difference in the import offers from the two key regions. Besides, the material is not available for immediate shipment.
Domestic Producers Retain their Ex-works prices
Indian producers have retained their ex-works prices as revised on 1 Aug’16. Reliance Industries Limited, the largest producer in the country, had raised its ex-works price to INR 6,100/MT; and, Essar, the country’s second largest producer, had hiked its ex-works price to INR 6,090/MT.
Indian Imports
Imports, booked earlier, have been landing at Indian ports. During the 1-16 Aug’16 period, 890,000 MT was imported into the country, data compiled by SteelMint Research shows.
Source: SteelMint
Quantity in MnT
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