CW Research: India October year-on-year green petcoke imports double
According to CW Research analysis, India's imports of uncalcined petcoke totaled just short of 0.7 million tons in October 2015 with cement companies representing close to 60 percent of purchases.
ÔÇ£In spite of a sluggish trend in the market, Indian buyers entered into numerous deals due to the low international prices for the product, resulting in increased volumes during the month. Moreover, it is expected that the country will be importing a lot more in the coming months", said Sushmita Rai, Sr. Associate Analyst, CW Group.
The monthly import volume represents a 17 percent increase over September's imports and up 190 percent compared with the year-ago period. Indian uncalcined petcoke imports totaled 0.59 million tons in September 2015, while the country imported 0.29 million tons of uncalcined petcoke in October 2014.
In October, the largest exporter of fuel-grade petcoke to India was Saudi Arabia at 0.32 million tons, followed by the US at 0.29 million tons. Other exporters included China, Indonesia, Azerbaijan and Japan. Petcoke imports by cement companies comprised about 56 percent of the total petcoke volume imported in India in the month of October. In comparison, petcoke imports by cement industry comprised 61 percent in September.
Petcoke traders / producers and suppliers accounted for 18 percent (0.13 million tons) and steel companies for 11 percent (0.08 million tons) of the total imports respectively.
Petcoke imports at Kandla (0.19 million tons) and Visakhapatnam (0.15 million tons) ports together accounted for 50 percent of the total Indian petcoke imports in October. Tuticorin, Krishnapatnam and Gangavaram accounted for 13 percent, 12 percent and 8 percent respectively. The remaining 18 percent was imported at other ports including Pipavav, Mangalore, Nhava Sheva, Kolkata and Goa.
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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.
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