That the global Petcoke prices are influenced by the demand from the Indian cement industry is visibly testified. Petcoke sellers in the key international markets have brought down their export offers significantly in view of the lessening import bookings by the Indian cement producers.
The latest import offer for Petcoke(9% Sulphur) from Saudi Arabia is assessed considerably lower at USD 75-76/MT CFR India. In a similar assessment, the recent offer for Petcoke(6.5% Sulphur) from USA is also assessed significantly down at USD 78-79/MT CFR India.
Source: CoalMint Research
Consumption of Petcoke by the cement plants in India have declined as fallout of the slowdown in the construction segment in the country. Cement plants thus have been constrained to operate at low rates—lowering demand for Petcoke.
In the meantime, there were no changes in the domestic prices as Indian Petcoke producers retained their last revised Petcoke prices.
Reliance Industries Limited (RIL), the largest producer in the country, retained its ex-works price at INR 6,350/MT; and Essar, the second largest producer, kept its price unchanged at INR 6,340/MT.
Source: CoalMint Research
Mangalore Refinery and Petrochemicals Limited (MRPL) also has retained its Petcoke prices at INR 6,067/MT (ex-works), for customers outside the Karnataka state; and for buyers outside the state, the price is also retained at INR 5,967/MT (ex-works).
Some traders, spoken to by CoalMint, said that there were some increments in demand for Petcoke from non-cement sectors, like textile and paper.
IMPORTS
Despite slowdown in the cement production, some cement producers have procured the fuel from USA and Saudi Arabia.
As per data compiled by CoalMint Research, 213, 030 MT of Petcoke was imported into India in the 1-10Feb’17 period.
The importers were: ACC Cement, Ultratech Cement, Ambuja Cement and Ultratech Cement.
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