The Met Coke markets have continued to be under the influence of soft demand. According to the inputs gathered, there was no improvement in the demand condition in China—the largest Met Coke market in the world.
As consequence of weak demand, sellers in China have continued to lower their export offers.
In India too, the demand has turned lackluster as the buyers postponed their purchases and waited for the offers to decline to significant levels.
The latest offers for the 64% CSR Met Coke are assessed at around USD 327/MT FoB China, down by around USD 7/MT from the week-ago offers. Likewise, the recent offers for the 62% CSR Met Coke are assessed at around USD 317/MT FoB China, which are lower by around USD 7/MT against the offers in the week last.
Source: CoalMint Research
On CFR India basis, these offers translate into: USD 343/MT and USD 333/MT respectively.
In India, Met Coke producers have kept their ex-works prices unchanged as the market conditions are uncertain and sluggish. The producers are however expected to bring down their ex-works prices in the coming days.
The current ex-works prices for the Blast Furnace grade in India are at: INR 25,500/MT(east coast) and INR 25,500-27,500/MT (west coast).
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