India: SAIL Global Tender for Purchase of 29,050 MT Pet Coke

Steel Authority of India (SAIL) has published a global tender for purchase of 29,050 MT calcined petroleum coke from overseas/domestic suppliers during the period May’18 to Apr’19 for its 8 different plants (4 markets) across the India.

The techno-commercial bids will be frozen up to April 2019 and the price discovery shall be done in cycles of 4 months each.

The projected requirement of all 4 markets is 31,540 MT. Company has released this RFQ for first cycle (May’18 to Aug’18) of quantity 7,600 MT which is due on 15 May’18.

Market wise requirement of the company:

Chemical Composition:
Fixed carbon: 99% min
Sulphur: 1.2% max
Volatile matter: 0.4% max
Ash: 0.5% max
Moisture: 0.1% max

Only Pet coke producers, Indian Central PSU trading houses and overseas suppliers having authorizations are eligible to bid against this tender. Besides, an Indian agent can also submit offer on behalf of a foreign principal, if being authorized. However, if the foreign principal submits offer directly, offer of the Indian agent will not be considered.

Bidders should have an installed capacity to produce at least 15,000 MT of the product. Besides, the bidders should have produced and dispatched at least 10,000 MT in 12 consecutive months during Jan’14-Dec’16.

Due date (IST)
Due date of bid submission is 15 May’18 till 12:00 hrs and opening is scheduled on same day at 15:30 hrs.
For contact details view TENDER SECTION

The global petcoke market has sustained robust demand as result of supply tightness in both USA and Saudi Arabia. International prices of global fuel-grade petcoke have been consistently high since the start of this year. Notably, the price of petcoke imported from the US reached a multi-year high of USD 118/MT in Mar’18.