Reliance Industries Limited (RIL), the country’s largest pet coke producer having approximately 40% share, has hiked its price to Rs 7,894/MT, with effect from 1 Sep’ 20. It is Rs 626 higher as compared to the Aug’ 20 price and Rs 2,006 higher as compared to the May’ 20 price. it is the 3rd consecutive upward price revision by RIL
Furthermore, IOCL has also raised its pet coke price from various refineries by an increment ranging between Rs 600 to 2400/mt
Meanwhile, import offers for pet coke stay at recent highs, despite marginal price drops in the past week.
The latest offers for pet coke (6.5% sulphur) from USA are assessed at around USD 85/MT CFR India, while offers for pet coke (8.5% sulphur) from Saudi Arabia are assessed at around USD 82/MT CFR India.
Petcoke imports were up by 13% YoY and down by 15% over July’ 20.
International price retained high in the mid $80’s delivered to India. At current offer prices, Fuel Grade Pet Coke $86-87, Petcoke is losing its competitiveness vis-à-vis coal.
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