India’s pet coke consumption in September 2022 rose by 6% m-o-m to 1.32 million tonnes (mnt), as per data maintained with CoalMint.
Meanwhile, the country’s pet coke production for September stood at 1.24 mnt, up 2% m-o-m and by 14% against September 2021.
Both consumption and production volumes increased amid improved demand from the construction industry. The rise in construction and infrastructure activities directly boosted pet coke production and consumption.
India’s pet coke consumption in January-September 2022 rose by 24% y-o-y to 11.81 mnt and pet coke production was recorded at 11.75 mnt during the period, up by 19% y-o-y.
Imported pet coke cheaper than thermal coal
Imported pet coke prices, which were falling since June, have stabilised since the end of October. Prices of Saudi Arabia- and US-origin pet coke are currently assessed in the range of $188-190/t CFR India.
Prices of domestic pet coke rose by 15-20% in October after cooling off in August and September. On the other hand, Australian 5500 kcal/kg NAR thermal coal, which is used by the cement sector, is currently being offered at $201/t CFR India.
Due to elevated thermal coal prices some cement companies have stopped producing power from their captive power units and have been sourcing power through exchanges.
Outlook
Pet coke production and consumption are likely to increase in the coming months with the resumption of stalled construction activities.
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