Even though seaborne coking coal prices continue to remain under pressure; on account of China’s domestic steelmaking market losing steam, the current export offers of metallurgical coke variants increased marginally over the last week.
Presently, international offers for the 64% CSR Met Coke are assessed at around USD 323/MT FoB China, up by around USD 3/MT over the week-ago offers. Similarly, import offers for the 62% CSR Met Coke are assessed to be higher by around USD 3/MT, over those in the last week, at around USD 313/MT FoB China.
Source: CoalMint Research
On CFR India basis, these offers amount to: USD 339/MT and USD 329/MT respectively.
India’s Met Coke prices have, however, remained unchanged from the rates that prevailed in the previous week. The current ex-works prices of the Blast Furnace grade are at around INR 26,000/MT (east coast) and INR 27,000-28,000/MT (west coast).
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