Petcoke imports in India fell to a five-month low at 1.18 MMT in June 2024, representing a 7% decrease MoM from 1.27 MMT in May 2024. However, imports increased by 25% YoY from 0.95 MMT in June 2023. India has imported a substantial quantity of petcoke over the last four months, leading to high stock levels among end users. The cement industry, the largest consumer of fuel-grade petcoke, reduced procurement by 20% MoM in June due to these high stock levels. Additionally, the onset of the monsoon season has decreased cement demand, which in turn has reduced the demand for […]
