Petcoke production rises in Asian markets, while Brazil shows a downward trend

According to CW Research's ÔÇ£Petcoke Market DataÔÇØ, importers have recorded mixed trends in May 2017, production-wise.

While Asian markets have increased production, political instability and lower cement production in Brazil has propelled a reduction in demand and production.

In India, year-to-date production has recorded a five percent increase of petcoke market volumes until May 2017, when compared to the same period in the previous year. May was also the first month of 2017 when domestic production of petcoke has topped one million tons.

As observed by Filipe Gouveia, analyst at CW Group: ÔÇ£In May, petcoke production in India didnÔÇÖt show signs of slowing down despite the National Green Tribunal's discussions on a petcoke ban. Consumers of the byproduct in the country have increased stocks of the material in preparation for the monsoon season.ÔÇØ

In China, petcoke production has risen eight percent on a yearly basis. Liaoning and Guangdong were the regions that drove regional output expansion, recording a 63 percent and a nineteen percent increase year-on-year (YoY), respectively. Petcoke production in Shangdong, China's largest producing regional market, has risen to 6.2 million tons in May, up seven percent on a monthly basis.

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