Seaborne metallurgical coke prices have been softening over the last couple of weeks, as the overall demand from end-users fall, primarily due to the slowdown in met coke production from the winter output cuts implemented in China.
In the Chinese domestic market, a price cut of RMB 100/MT was proposed by buyers in Northern China last week, but with low margins, producers were reluctant to lower prices. However, it has largely been accepted by most met coke producers.
PRICE ASSESSMENTS
The latest import offers for the 64% CSR met coke are assessed at around USD 348/MT FOB China, lower by about USD 7/MT than the average price of USD 355/MT in the week gone by (31 Dec’18 – 4 Jan’19).
Similarly, offers for the 62% CSR met coke have decreased to around USD 333/MT FOB China.
For Indian buyers, these offers amount to USD 364/MT and USD 349/MT respectively on CNF India basis.
Source: CoalMint Research
Leave a Reply