India Petcoke CFR (April update)
Double digit increase for high-sulfur imported petcoke prices
April prices of high-sulfur imported petcoke increased by more than 13 percent MoM for both CFR East and West coasts of India, according to CW Research's April update of India Petcoke CFR price assessment. Meanwhile, the price of mid-sulfur imported petcoke increased by 5.0 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 32 percent as compared to $1.28 per ton of Richards Bay coal for West Coast. In comparison, the average cost of burning high sulfur petcoke was at a discount of 39 percent in March.
ÔÇ£Avails for petcoke from the US and Saudi sources are currently very tight. Both exporting countries are fully booked until June. Indian buyers are willing to pay higher rates for petcoke cargoes given the limited supply," said Sushmita Rai, Sr. Associate Analyst, CW Group.
The April update of India Petcoke CFR price assessment also includes refinery news, shipping updates and coal market highlights.
****
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), at ld@cwgrp.com or +40-744-67-44-11.
****
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 lm@cwgrp.com.
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 sales@cwgrp.com.