Stable Pet coke prices continue to persist in Indian market.
Moreover, demand remains active as prices are low and end-user industries are functioning actively.
Domestic producers have retained their last-revised ex-work prices as offers have stabilized. According to an official of a well-known cement company, import offers from Saudi Arabia are in the range of USD 40-42/MT, CFR India. While, offers from the US are within USD 48-50/MT, CFR India.
Ex-work price of Reliance Industries, the largest producer in the country, is assessed at INR 3,700/MT.
According to traders, steady off-takes are going on and there is no sign of any weakening of demand in the near future. The predominant buyers of Pet coke include cement, boiler, metallurgical, paper industries among others.
Imports have continued to flow into the country as buyers are taking advantage of low prices in overseas markets. During the period of 1-13 Dec’15, 173,900 MT of Pet coke had landed at Indian ports from the Middle East and US, according to SteelMint’s data analysis.
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