Pet Coke Import Offers from US Fall; Domestic Prices Unchanged
Indian CFR prices of petroleum coke (petcoke) imported from USA have marginally decreased over the week as the ocean freight rates from the U.S. Gulf Coast (USGC) for Supramax vessels continues to reduce further.
However, there has been no change of pet coke prices in the domestic market.
CoalMint assessed the latest petcoke freight rate for a Supramax vessel (Cargo Intake 55,000 mt) from Port Houston in Texas to Visakhapatnam Port, Andhra Pradesh at $38.79/mt, down $4.27/mt W-o-W and $6.02/mt M-o-M.
The freight rate for a Supramax vessel to move petcoke from Newport News, Virginia to Vizag was assessed at $42.00/mt, down $4.10/mt W-o-W and $6.03/mt M-o-M.
PRICE ASSESSMENTS
The current prices of pet coke (6.5% Sulphur) from USA are assessed to be varying in the range of USD 91-92/MT CNF India.
Pet coke (9% Sulphur) from Saudi Arabia is at present being offered at around USD 87-88/MT CNF India.
N.B.: It is also understood that certain major customers may have term contracts for import, which varies with spot cargo, resulting in a variation of pet coke prices in the market.
source: SteelMint
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