Petcoke markets strong in Asia, but down in Brazil
Published by Jonathan Rowland,
The petcoke market – a key fuel for cement makers in various regions of the world – has enjoyed mixed fortunes in recent months, according to CW Research. While key Asian markets, such as India and China, have seen increased production, Brazil saw both production and demand fall.
In India, petcoke production was up 5% year on year in May, topping 1 million tpy for the first time this year, as consumers sought to increase there stocks of the fuel in preparation for the monsoon season.
Chinese production, meanwhile, rose 8% on a yearly basis. Liaoning and Guangdong drove expansion, recording growth of 63% and 19% year on year, respectively. Petcoke production in Shandong, China’s largest producing regional market, rose to 6.2 million tpy in May – a 7% rise.
Outside of Asia, the news from the Spanish petcoke market was also positive with production expanding for the third month in a row on the back of surge in demand from the cement industry. Petcoke output was up 38% year on year in May, while total production in the first five months of the year exceeded 1.5 million t.
Brazil’s petcoke demand told a different story, however, with production down 10% year on year in May on weaker demand from the cement industry, as well as continued political and economy uncertainty. All regions of the Latin American country recorded production falls, with the exception of Sao Paulo, where production was up 2% at 0.5 million t.
Read the article online at: https://www.worldcement.com/europe-cis/09082017/petcoke-markets-strong-in-asia-but-down-in-brazil/
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