The Chinese domestic met coke market continues to remain stable for the third week of April. An uptick of around USD 15/MT was proposed across various Coke producers in China last week but had yet to be accepted.
Prices for 64% CSR and the 62% CSR grades are currently assessed at around USD 323/MT and USD 308/MT FOB China respectively remains stable from the rates that prevailed in the last week (15 Apr – 21Apr’19).
Meanwhile, talk about the possible rebound in Chinese met coke prices after a week of repeated decline, appeared to show some support in imports. Few market participants shared that, a trade was heard to be done at USD 181/MT, FOB Australia for around 90,000 MT high-grade coking coal by one of the end-user as a part of a long term contract for May deliveries.
On international prospect for met coke, trade interest continued to be thin as most traders shared that there was unlikely to be strong demand from outside China.
Another market participant also shared that, “Currently everybody is eyeing on the Chinese market. There was no demand seen from other markets and the overall market was dependent on China for liquidity.
Additionally, Indian met coke import prices are also stable and currently hovering at around USD 337/MT for 64% CSR and the 62% CSR grades prices at around USD 322/MT on CNF India basis. One of the Indian market participants also shared that due to volatile market sentiments he had not been in the market and would not be looking for May cargoes.
Leave a Reply