Petroleum coke prices may have reached a limit, traders say, as strong demand from India has driven prices so high that discounts to coal have all but disappeared. Coke with 6.5pc sulphur content was being offered to the Indian market on a cfr basis at prices ranging from $65-70/t, and there is a consensus that it would be diffcult for buyers to secure cargoes for less than $65/t.
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