CW Research: India December imported petcoke prices fall 2%+
December prices of high-sulfur imported petcoke decreased by more than 2 percent MoM for both CFR East and West coasts of India, according to CW Research's December update of India Petcoke CFR price assessment.
The monthly update sees the average cost of burning high sulfur petcoke on $/mmBTU basis at a discount of more than 25 percent as compared to Richards Bay coal.
ÔÇ£Richards Bay coal prices are expected to increase in the short term. This, when combined with the fact that Saudi producers are already booked for January-February delivery, signals an expected increase in the price of high sulfur petcoke from the US Gulf Coast.ÔÇØ said Sushmita Rai, Sr. Associate Analyst, CW Group.
The cost of production of a large number of cement companies has reduced due to increased usage of low cost petcoke and alternative fuels.
Notably, prices of fuel grade petcoke delivered to India on CFR basis have stabilized in December as compared to the fluctuations experienced in the September- November period. CW Research expects to see petcoke prices increasing in Q1/2016.
India's total November imports of uncalcined petcoke exceeded 0.6 million tons. Petcoke imports by cement companies accounted for 55.0 percent of the total petcoke volume imported.
The monthly update is available as an annual subscription in individual or corporate license forms. For questions and orders, please contact Liviu Dinu, Market Services & Marketing Consultant, CW Group (Europe), by phone at +40-744-67-44-11, or e-mail at [email protected].
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India Petcoke CFR is CW Research's bi-monthly price assessment and monthly price index for India uncalcined petcoke. The updates cover two key price markers: India East Coast and India West Coast, providing prompt, end-user centric CFR prices for high and medium sulfur grades. Drawing on its deep expertise in the petcoke sector and other industrial segments, CW Research takes an end-user centric approach to understand pricing and underlying drivers.
The report is part of India Petcoke CFR Price Assessments that complement other CW Research's other price assessment product series providing regional insights for end-user centric pricing information for gray cement and clinker, and oil well cement.
For those interested in CW Research's ÔÇ£Price Assessment: India Petcoke CFRÔÇØ, please contact the sales team at [email protected] or +1-702-866-9474.