Greenwich (CT), USA, February 23, 2018 – According to CW Research’s "Petcoke Country Market Data", during December 2017, petcoke production rose in India and Brazil. In China, despite environmental measures to curb pollution, production levels for the commodity remained high.
As noted by Filipe Gouveia, analyst with CW Research: "2017 was challenging for petcoke producers and traders, as the largest importing market for the fuel, India, was hampered with strong opposition from the National Green Tribunal. While a nationwide petcoke ban seems unlikely, bans and import taxes across some states are causing price increases in the cement industry, and aggravating uncertainty for petcoke traders and producers."
Chinese and Indian petcoke output on the rise; slow cement sector drags down Brazil
In China, a high demand for petcoke is keeping the fuel prices strong. In December, petcoke production fell 4.1 percent on a yearly basis, reflecting a lower industrial output from smog combat measures. Nevertheless, in 2017, petcoke production in the country witnessed an upsurge of 6.3 percent, when compared to the previous year.
Meanwhile, Indian petcoke production in 2017 rose 13.6 percent when compared to the previous year, driven by higher domestic demand. Throughout December, green petcoke production improved 30.1 percent on a yearly basis, reflecting a faster production pace in the second half of the year.
In Brazil, a recovery was recorded in November and December, with green petcoke output rising 10.9 and 16.8 percent, respectively. Despite this improvement, petcoke production fell just under 11 million tons in 2017, reflecting a poorly-performing cement industry, and a slow macroeconomic environment.
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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.
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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
