The Petcoke market in India has undergone no change from that the week last. Strong demand, stable domestic prices and unchanged international offers continued to rule the market.
Offers from the key international markets have remained steady at the week-ago rates. The fresh offer for Petcoke (6.5% Sulphur) from USA is reported at around USD 95/MT CFR India. The current offer for Petcoke (9% Sulphur) from Saudi Arabia is reported at around USD 92/MT CFR India.
Source: CoalMint Research
In the home market, demand has continued to remain strong on the back of frequent purchases by the cement and other consuming sectors. There has also been supply shortage in the country as the refinery of HPCL Mittal Energy Limited is still under maintenance shut-down. A market participant said that the refinery might restart towards the end of this month.
The ruling ex-works prices of Reliance Industries Limited, the largest producer in the country, is at INR 7,250/MT; and that of Essar, the second largest producer, is at INR 7,245/MT.
Source: CoalMint Research
Mangalore Refinery and Petrochemicals Limited (MRPL) has quoted its ex-works price at INR 6,239/MT for customers outside the Karnataka state; and for customers inside the state, the ex-works price is quoted at INR 6,139/MT.
IMPORTS
During the 1-9Jun’17 period, 158,760 MT of Petcoke was imported in India, data collected by CoalMint Research shows. The importers during the period were: Ambuja Cement, JK Laxmi Cement and India Cement.
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