MARKET TREND
In India, Met Coke purchases have gained moderate momentum as buyers resumed purchases in view of the international market expected to resume full-fledged operations after the Chinese Lunar Year holidays getting over.
However, there is no activity in the key international market—China—due to the ongoing Lunar Year festival.
PRICE TREND
Indian Met Coke producers have kept their ex-works prices unchanged as there is no significant arousal of the demand. Moreover, clarity in the market will show after the Chinese market returning to operations.
The prevailing ex-works prices for the Blast Furnace grade in India are: INR 24,500-25,000/MT(east coast) and INR 25,000-27,000/MT (west coast).
Source: CoalMint Research
Meanwhile, there was no recent offer from China, the key international market, due to the markets there being closed on account of the holidays.
The last known offer for the 64% CSR Met Coke was reported at around USD 355/MT FoB China; and that for the 62% CSR Met Coke was reported at around USD 345/MT FoB China.
Source: CoalMint Research
For Indian buyers, these offers translate into: USD 371/MT and USD 361/MT respectively on CFR India basis.
In the meantime, a Columbian Met Coke offer was heard at USD 375/MT FoB.
IMPORTS
Met Coke imports in India have not yet caught momentum. According to the data compiled by CoalMint Research, around 247,449 MT of Met Coke was imported in India during the 1-19Feb’18 period, according to the data compiled by CoalMint Research.
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