In a latest development in the global Petcoke market, international offers have gone up to some extent in response to the rising demand.
Offers for Petcoke (6.5% Sulphur) from USA have gone up by around USD 4/MT to around USD 90/MT CFR India from the week-ago offer. In a similar trend, offers for Petcoke (9% Sulphur) from Saudi Arabia also have drifted upwards by around USD 2/MT from that the week last to around USD 85/MT CFR India.
In the Indian market, demand has become quite strong as purchases were frequent. Traders, spoken by CoalMint, said that all the user-segments resumed purchases. They also said that buyers had preferred the domestic Petcoke as the prices were lower and availability was higher. Commenting on the near future, they said that the demand was expected to remain strong in the near future.
The Indian producers have kept their ex-works prices stable after the down revision with effect from 1 Aug’17.
The country’s largest producer, Reliance Industries Limited (RIL), has quoted its ex-works price at INR 6,850/MT. And, Essar, the country’s second largest producer, also has fixed its ex-works price at INR 6,845/MT.
Mangalore Refinery and Petrochemicals Limited (MRPL) has quoted its ex-works by at INR 6,190/MT.
Source: CoalMint Research
IMPORTS
Petcoke imports have drifted into India as consumption was strong. During the 1-9 Aug’17 period, 415,910 MT was imported into the country, data compiled by CoalMint Research shows.
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