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Petroleum coke: Delivered-India prices stable after recent falls

Delivered-India prices of fuel-grade petroleum coke remained stable this week, taking a breather after recent steep falls, sources said.

However, market participants were divided about the near-term outlook because of high stockpiles at ports.

Platts assessed the weekly 30-60 day prices of fuel-grade petroleum coke with 6.5% sulfur at $53/mt CFR India East, and $52/mt CFR India West, both unchanged from a week earlier.

A west India-based trader source said that he is offering Supramax cargoes of US Gulf Coast petcoke with 6.5% sulfur in the mid-$50s/mt CFR India levels, while bids are in the low-$50s/mt CFR.

source: http://www.platts.com