Petcoke prices in India have remained unchanged, while demand from the non-cement sectors was on the rise.
Traders, spoken to by CoalMint, said that demand for Petcoke from the non-cement sectors, like paper, textile and chemicals was stronger, while, demand from the cement sector was soft. The dullness in demand from the cement sector was due to the slowdown in the construction activities in the country, forcing cement makers to operate their plants at low rates.
The latest import offer for Petcoke (6.5% Sulphur) from USA is assessed at around USD 90/MT CFR India; and that for Petcoke (9% Sulphur) from Saudi Arabia at around USD 87/MT CFR India. These offers are marginally higher than that in the week last.
Source: CoalMint Research
There were no changes in the domestic prices. Reliance Industries Limited (RIL), the largest producer in the country, retained its ex-works price at INR 6,350/MT; and Essar, the second largest producer, kept its price unchanged at INR 6,340/MT.
Source: CoalMint Research
Mangalore Refinery and Petrochemicals Limited (MRPL) also has retained its Petcoke prices at INR 6,067/MT (ex-works), for customers outside the Karnataka state; and for buyers outside the state, the price is also retained at INR 5,967/MT (ex-works).
PRODUCTION
In Jan’17, Petcoke production in the country was at 1,092 ‘000MT, which dipped 6.9% over the production in the previous month. In Dec’16, 1,172 ‘000MT was produced in the country. During the Apr-Jan’17 period, Petcoke production in India was at 10,763.45 ‘000MT.
Source: CoalMint Research
IMPORTS
During the 1-24Feb’17 period, 734.29 ‘000MT of Petcoke was imported into India, data compiled by CoalMint Research shows.
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