Met Coke global offers have stagnated as buyers have sidelined, avoiding purchasing, as the rates were too high. The buyers have thus adopted a wait-and-watch stance, postponing purchases to the time when the prices come down.
The latest offer for the 64% CSR Met Coke is assessed at around USD 384/MT FoB China, almost unchanged from the offers in the week last. The recent offer for the 62% CSR Met Coke is also assessed almost at around the week-ago rate, at around USD 374/MT FoB China.
Source: CoalMint Research
On CFR India basis, these offers translate into: USD 400/MT and USD 390/MT respectively.
The Indian domestic market is also sluggish as the buyers are waiting for any downturn in the prices. Speaking to CoalMint, a West India based trader said,” The market is without any activity as the prices are high.”
Indian producers also have no reason to revise their ex-works prices as the market is devoid of activity. The ex-works prices are thus unchanged.
The current ex-works prices for the Blast Furnace grade in India are: INR 25,000/MT (east coast); and INR 27,000/MT, INR 27,500/MT and INR 32,500/MT(west coast).
Source: CoalMint Research
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