Domestic Petcoke prices have remained stable after the last revision on 1 Nov’16 by Indian producers.
Reliance Industries Limited (RIL), the largest producer in the country, had decreased its ex-works price by INR 200/MT to INR 6,350/MT. Likewise, Essar, the country’s second largest producers also had reduced its ex-works price by the same amount to INR 6,340/MT.
Source: Market Participants
Prices in INR/MT
There was no downward movement in the import offers, which remained at high rates. The latest import offer of Petcoke (6.5% Sulphur) from USA was assessed at around USD 104/MT CFR India; and that of the material (9% Sulphur) from Saudi Arabia at around USD 90/MT CFR India.
Mangalore Refinery and Petrochemicals Limited (MRPL) also had revised downwards its ex-works price by INR 251/MT to INR 5,913/MT, customers outside the Karnataka state. MRPL has also lowered its ex-works price by INR 101/MT to INR 5,988/MT.
In the meantime, demand in the country was strong as user industries, like cement, had procured the material actively.
Imports
During the 1-11 Nov’16, 543,760 MT of Petcoke was imported into India, according to data compiled by CoalMint Research.
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