Analysis

CFR prices for high sulfur petcoke in India's West Coast continued to increase in December 2016, with mid-sulfur petcoke prices increasing as well at a similar pace, according to CW Research's India Petcoke CFR Price Assessment update for mid-month December.

The average cost of burning high sulfur petcoke is at a discount of 27+ percent in mid-December 2016, on a mmBTU basis, when compared to Richard Bays coal for West Coast. During the previous month, the discount rate was 36+ percent.

Over 60 percent of the total petcoke volume imported by Indian firms at the end of November 2016 came from the United States.

The mid-December update of the India Petcoke CFR Price Assessment also includes refinery news and shipping updates.

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