Clearing the mist surrounding the nature of Petcoke, the Ministry of Environment, Forests and Climatic Change has clarified that Petcoke is not classified as a hazardous waste, but as a by-product of petroleum refining.
The Ministry, however, did not rule out the polluting nature of the material due to the emission of Sulphur and Nitrous Oxide while burning. In this context, the Ministry said that industries using the fuel need to have the appropriate mechanisms for controlling the emissions.
On the price movements, offers from the key international markets have dipped on demand getting somewhat lower; while, the domestic ex-works prices remained steady.
The latest offer for Petcoke (6.5% Sulphur) from USA is reported to go lower by around USD 3/MT, at around USD 86/MT CFR India, than that in the week last. The recent offer for Petcoke (9% Sulphur) from Saudi Arabia is reported at around USD 83/MT CFR India, lower by around USD 2/MT over the week-ago offer.
Source: CoalMint Research
Reliance Industries Limited (RIL), the largest Petcoke producer in the country, has quoted its ex-works price at INR 7,000/MT. Essar, the second largest producer in India, has set its ex-works price at INR 6,990/MT. Mangalore Refinery and Petrochemicals Limited (MRPL) has quoted its ex-works price at INR 6,610/MT.
Source: CoalMint Research
The market dynamics will become clear once the state governments release the respective Petcoke usage policies.
IMPORTS
During the 1-21July’17 period, 0.64 MnT of Petcoke was imported in India, data collected by CoalMint Research shows.
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