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News Imported petcoke price to India hits high in March 2018

Imported petcoke price to India hits high in March 2018

Written by Global Cement staff 19 March 2018
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India: The price of imported petcoke has hit a multi-year high in March 2018. Increased demand and a shortage due to maintenance work at refineries has caused the rise in price, according to the Mint newspaper. In November, the Indian Supreme Court temporarily banned the use of petcoke in Delhi, Haryana, Rajasthan and Uttar Pradesh. The import duty of the fuel was then raised to 10% from 2.5%.

Deepak Kannan, managing editor of Asia Thermal Coal at S&P Global Platts, said that local demand for petcoke is around 23 – 24Mt/yr but that local supply is only 14Mt/yr. Much of the country imported petcoke comes from the US or Saudi Arabia. Petcoke prices are expected to relax in April 2018 as refineries return to normal operation.

Published in Global Cement News
Tagged under
  • India
  • petcoke
  • Price
  • Legal
  • Government
  • Import
  • US
  • Saudi Arabia

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