Greenwich, CT, March 06, 2016 --(PR.com
)-- The monthly update sees the average cost of burning high sulfur petcoke on per unit of calorific value basis at a discount of more than 1/3 as compared to Richards Bay coal.
“The gap between USGC high and mid sulfur prices has narrowed down lately. The availability of high sulfur petcoke was relatively tight due to several tornadoes that affected southern Louisiana and Mississippi on February 23,” said Sushmita Rai, Sr. Associate Analyst, CW Group.
India’s imports of uncalcined petcoke exceeded 0.7 million tons in December 2015. Petcoke imports from Saudi Arabia and the US combined accounted for 95 percent of total Indian petcoke imports in January. The extended update of the report observed a 24 percent decrease in freight rates for bulk shipments as compared to last month.
Indian refineries increased their production volumes in order to meet the rising demand from the non-power sector, especially the cement industry. Notably, most Indian cement companies reduced costs by importing less expensive coal, switching to fuels including petcoke, and focusing on coal mix optimization.
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About the report
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.
For those interested in CW Research’s “Price Assessment: India Petcoke CFR,” please contact the sales team at email@example.com or +1-702-866-9474. For more information: http://www.cwgrp.com/research-a-analysis/global-monitor-reports/306140-price-assessment-india-petcoke-cfr-.html.