CW Research: India March high-sulfur imported petcoke prices increase 5%+
March prices of high-sulfur imported petcoke increased by more than 5 percent MoM for both CFR East and West coasts of India, according to CW Research's March update of India Petcoke CFR price assessment.
Meanwhile, the price of mid-sulfur imported petcoke decreased by more than 2 percent MoM on both coasts.
The monthly update sees the average cost of burning high sulfur petcoke on per unit of calorific value basis at a discount of 39 percent as compared to $1.25 per ton of Richards Bay coal for West Coast.
ÔÇ£Demand for high sulfur petcoke from Indian buyers is very strong at the moment. However, since USGC refiners are not willing to sell at lower FOB prices, many Indian buyers are looking for better offers, and are ready to wait rather than buy at current high pricesÔÇØ, says Sushmita Rai, Sr. Associate Analyst, CW Group.
According to CW Research analysts, cement demand in India is expected to remain strong for the next two months. Currently, cement plants in India are operating at utilization rate of about 65-75 percent, thereby increasing the demand for petcoke in the country.
Notably, petcoke imports by cement companies accounted for 61.0 percent of the total petcoke volume imported by India in the month of February, as compared to 84.0 percent registered in January. The CW Research team sees a 6.0 percent decrease in freight rates for bulk shipments as compared to last month.
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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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For more information or interview inquiries, please contact Luciana Murarasu, Marketing & Communications Coordinator, CW Group (Europe), by phone at +40-748-91-84-50, or e-mail at [email protected].
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.
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.