Indian and Chinese petcoke production recover in October; Brazil remains pressured

According to CW Research’s “Petcoke Market Data”, in the second half of 2017 production of green petcoke in India and China has been on the rise, slowing down the need for imports from the US and Saudi Arabia. Meanwhile, in Brazil, petcoke output remains pressured by a slim demand.

In India, discussions on banning petcoke as a fuel have shaken up the industry. While a nationwide ban is still being discussed, other measures have already been put into place, such as stricter regulations on emissions and the imposition of bans in the National Capital Region (NCR), Uttar Pradesh, Haryana, and Rajasthan. Nonetheless, green petcoke production continued to rise steadily, in an attempt to meet domestic demand. In the first ten months of the year, green petcoke output has climbed to 10 million tons, up 10 percent on a yearly basis, when compared to the same period in the previous year.

As observed by Filipe Gouveia, analyst with CW Research: “this ongoing debate in India has clouded the domestic market with uncertainty during 2017. Petcoke prices sank during June and July, while the National Green Tribunal deliberated over what measures would be applied. In October, the market was looking healthier than before, with consumer confidence and prices improving. Notwithstanding these positive indicators, concerns remain over what the future holds for the Indian petcoke market.”

CW Research’s petcoke statistics show output of the commodity in China fell both MoM and YoY in October. The country’s industrial sector is starting to lower production levels to meet the government’s requirement of reducing production during peak season. Despite this small decline in October, year-to-date petcoke production for the first ten months of the year is up eight percent.

On the other hand, Brazil continued to show a lackluster performance in terms of petcoke output. Year-to-date production is currently down six percent on a yearly basis for the first 10 months of the year. The country’s economy continues to underperform, thus bringing down demand.

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About Petcoke Market Data

CW Research’s Petcoke Country Market Data analysis, part of the 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

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