Analysis CW Research: Chinese and Indian petcoke production rise in November; Brazil remains pressured 14 December, 2020 LATEST Pricing Aluminum prices slide amid surge in LME inventories Market dynamics and economic factors impact aluminum June 14, 2024 End-user Markets UAE EGA's green loan funds Leichtmetall acquisition EGA secures landmark green financing for European June 13, 2024 MOST READ End-user Markets Hydro revolutionizes aluminum casting Major investment propels automotive industry June 10, 2024 Pricing Petcoke prices increase Shandong port sees rise in spot trading prices June 06, 2024 Analysis CW Research: Chinese and Indian petcoke production rise in November; Brazil remains pressured According to CW Research's Petcoke Country Market Data, during November 2017, petcoke production kept improving in important markets, such as China and India, despite environmental constraints over its usage in cement production. Conversely, in Brazil, petcoke consumption mirrored a contracting cement output. In China, a high demand for fuel is keeping petcoke prices strong. On November 15, measures to combat smog started to be implemented, meaning that some industrial facilities shut down or are operating at low capacity, thus driving fuel consumption downwards. Nonetheless, during the month, petcoke production rose 3.8 year over year. Furthermore, in Shangdong, China's region recording the highest petcoke production, year-to-date production expanded 6.6% YoY in November. Filipe Gouveia, analyst with CW Research, observes: ÔÇ£in the upcoming months, the measures implemented by the Chinese government to address smog-related issues are expected to lead to a temporary slowdown in petcoke consumption. Nevertheless, due to the country's dependence on imports, Chinese refineries are expected to operate at high capacity, as production will remain insufficient to fully meet domestic petcoke demand.ÔÇØ Indian petcoke production boosted by strong demand; Brazil still struggling Meanwhile, in India, domestic petcoke production improved 32.0% year on year. Petroleum coke stocks are rising, as production levels and insecurity increase. Discussions on further regulations on fuel grade petcoke usage are shaking consumer confidence, but a strong demand for fuel is keeping prices high. Consequently, higher stocks of petcoke are expected to assist in driving prices downwards. In Brazil, low cement production is driving petcoke consumption downwards. For the first 11 months of 2017, petcoke production declined by 0.5 million tons, reflecting a slow macroeconomic environment. Nevertheless, S├úo Paulo, Brazil's region with the highest output of petcoke, recorded a 17.3% increase in petcoke production in November. Find out more here Free NEWSLETTER Please enable the javascript to submit this form FREE SIGN-UP Sign in Don't have any account? Create one SHOW Forgot your username/ password? Log in Terms Of Service Privacy Policy This site is protected by reCAPTCHA and Terms of Service apply Sign in as: User Registration * Required field Sign In Information Personal Information Agree Yes No Terms of Service:You consent that we will collect the information you have provided us herein as well as subsequent use of our platform to render and personalize our services, send you newsletters and occasionally provide you with other information. * Fields marked with an asterisk (*) are required. Register SaveCookies user preferencesWe use cookies to ensure you to get the best experience on our website. If you decline the use of cookies, this website may not function as expected.Accept allDecline allCW GroupNewsAcceptDecline