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Petcoke production rises in India; slips in China and Brazil

09-13-2018 08:49 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: CW GROUP

Petcoke production rises in India; slips in China and Brazil

According to CW Research’s “Petcoke Country Market Data”, during the first half of 2018, petcoke production rose in India, but contracted in China and Brazil.

“In the January-June period, global petcoke volumes displayed mixed results, conditioned by the headwinds of the industry. As several countries impose restrictions on the material, the future of the large-scale use of petcoke in the cement industry remains uncertain”, assesses Raluca Cercel, CW Group’s Associate.

RELIANCE TO BOOST INDIAN PETCOKE OUTPUT; BRAZIL STRUGGLING WITH POLITICAL UNCERTAINTY

In the first half of the year, petcoke output in India recorded an almost ten percent increase compared to the equivalent period of 2017, standing at 6.3 million tons. In June alone, the country’s petcoke market production declined 4.3 percent year on year.

Reliance’s gasification project has entered trial, and the company is trying to acquire more petcoke. As the Supreme Court has banned the use of the commodity in several industries, and its import into the country, the project could become the largest booster for petcoke demand in India.

In China, production of uncalcined petroleum petcoke reached 132.5 million tons in the first half of 2018, a small contraction compared to the same period in 2017. In June, Chinese petcoke output improved year on year, having topped 22 million tons.

The Chinese government has been cracking down on illegal aluminum smelting, whereas aluminum production continues to rise, therefore boosting petcoke output.

In June, Brazil’s petcoke production registered a slight decrease, having totaled over 829,000 tons. In the first six months of the year, output of the fuel declined by 6.6 percent compared to 2017.

The decreasing trend follows a turbulent political setting, in which the constant national corruption scandals continue to have negative repercussions on Brazilian refineries.

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For more information, placing an order, or interview inquiries, please contact Mihnea Manea, Media and Market Services Executive, CW Group, by phone at +40 723 281 704, or e-mail at mm@cwgrp.com.

ABOUT PETCOKE MARKET DATA

CW Research’s Petcoke Country Market Data analysis, part of CW Group’s premium PetcokeWeek market reporting service, extensively covers petcoke volume trends across the globe. Particular emphasis is given to demand & supply volumes for the largest petcoke producing and consuming markets around the world. Presented in an objective, easy-to-understand format, the Petcoke Country Market Data is an indispensable tool for producers, suppliers, investors and end-users who wish to always be updated on all the relevant petcoke trends.

Additional coverage on petcoke news and updates can be found here: http://www.cwgrp.com/petcoke-news/petcoke-market-data

ABOUT CW GROUP

The Greenwich (Conn.), USA headquartered CW Group is a leading advisory, research and business intelligence boutique with a global presence and a multi-industry orientation. CW Group is particularly recognized for its sector expertise in heavy-side building materials (cement), light-side building materials, traditional and renewable power & energy, petrochemicals, metals & mining, industrial minerals, industrial manufacturing, bulk cargo & shipping, among others. We have a strong functional capability, grounded in our methodical and quantitative philosophy, including due diligence, sourcing intelligence, feasibility studies and commodity forecasting. www.cwgrp.com

CW Group
PO Box 5263, Greenwich, CT 06831, USA
Mihnea Manea (mm@cwgrp.com)

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