Seaborne metallurgical coke prices have edged higher this week as sellers at major Chinese ports were reluctant to lower prices, while major coke plants insisted on raising prices.
Chinese domestic met coke prices however, have remained stable with no price uptick heard for now. It is predicted that the market will operate steadily in the near term before the Spring Festival.
Meanwhile, there remains an impasse between China’s met coke producers and steel mills as leading coking plants in Hebei Tangshan area intended to raise coke prices by RMB 100/MT during the previous week. Contrarily, however, mills in Shanxi proposed to cut prices by RMB 50/MT.
PRICE ASSESSMENTS
Chinese met coke export prices for the 64% CSR and the 62% CSR grades are currently assessed at around USD 350/MT and USD 335/MT FOB China respectively, both the prices have increased by USD 5/MT from the rates that prevailed in the last week (as on 25 Jan’19).
Indian met coke import prices for the 64% CSR and the 62% CSR grades amount to USD 363/MT and USD 348/MT respectively on CNF India basis.
Source: CoalMint Research
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