Petcoke prices in India have remained stable, despite demand strengthening from almost all the user-industries.
Increasing demand has also impacted the import offers.
The latest import offer for Petcoke (9% Sulphur) from USA is assessed higher at USD 94/MT CFR India, which is up by USD 4/MT than that assessed a week ago.
However, the recent offer for Petcoke (9% Sulphur) from Saudi Arabia is assessed unmoved at USD 87/MT CFR India.
Source: CoalMint Research
The prices in India have, however, stagnated at the rates revised last.
Reliance Industries Limited (RIL), the largest producer in the country, has 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
While, Mangalore Refinery and Petrochemicals Limited (MRPL) also has incorporated no change in its prices. For buyers outside the Karnataka state, MRPL has quoted its Petcoke price at INR 5,794/MT(ex-works); and for buyers within the state, the price is quoted at INR 5,694/MT(ex-works).
IMPORTS
During the first two weeks of Mar’17, around 0.4 MnT of Petcoke imports had landed at Indian ports from USA and Saudi Arabia, data collected by CoalMint Research shows.
In the coming days, imports are likely to increase as cement manufacturers have begun procuring actively.
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