Reliance Industries Limited (RIL), the country’s largest pet coke producer having approximately 40% share, has increased its ex-works price to INR 9,650/MT, with effect from today, i.e. 1 Oct’18. It is INR 200/MT higher as compared to its previous price.
Mangalore Refinery & Petrochemicals Ltd. (MRPL) has also hiked its pet coke price by INR 50/MT to INR 8,370/MT.
Meanwhile, import offers for pet coke have remained sharply high over the past few weeks as the global market has sustained robust demand; hence, there has been no significant change in the pet coke export offers from the key overseas markets — USA and Saudi Arabia.
Indian pet coke buyers are expected to resume procuring stocks as the monsoon season nears its end.
PRICE ASSESSMENTS
The latest offers for pet coke (6.5% sulphur) from USA are assessed at around USD 122/MT CNF India, while offers for pet coke (9% sulphur) from Saudi Arabia are assessed at around USD 114/MT CNF India.
N.B.:
i. The above prices are effective 1 Oct’18.
ii. These prices are exclusive of GST @18%.
iii. The MRPL price is for pet coke transported by rake/barge.
Leave a Reply