India’s domestic pet coke production in May 2022 stood at 1.32 million tonne (mnt), an increase of almost 28% m-o-m. Total pet coke production in FY’22 stood at 14.75 mnt, averaging 1.23 mnt per month. Therefore, production in May was recorded 7% higher than the monthly average of FY’22.
In terms of consumption, India’s consumption in May stood at 1.24 mnt, a 32% increase m-o-m. Total consumption in FY’ 22 stood at 14.1 mnt with a monthly average of 1.18 mnt. Therefore, consumption in May was 5% higher than the annual average of FY’22.
Domestic pet coke sales stood at 0.76 mnt in May as against 0.58 mnt in May last year. Notably, the above data includes all types of petroleum coke including fuel grade petroleum coke, anode grade petroleum coke (LS) and calcined petroleum coke.
State-wise pet coke sales
Rajasthan maintained its position as the state with the highest domestic sales in May, the reason being the highest concentration of cement plants in the state.
On a cumulative basis in April-May 2022, Andhra Pradesh recorded the highest growth at 85%, followed by Tamil Nadu at 64%.
India’s pet coke imports
As per Coalmint data, India’s imports of pet coke in May increased by 10% m-o-m to 0.78 mnt. Before the onset of monsoons, India’s cement industry stocks up raw material to avoid disruption in the production process.
Pet coke imports in India are monitored by the Director General of Foreign Trade (DGFT) and are allowed by select industries such as cement, lime kilns, calcium carbide and gasification.
Short-term outlook
In the near-term, India’s pet coke production may decline as construction activities take a halt with the onset of monsoon and cement demand falls. For the same reason, the country’s pet coke imports may also edge lower.
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