On 23 Jan’15, NINL has floated a price circular for 6,600 MT LAM Coke, in which the company is offering the material at INR 14,700/MT ex-Cuttack, Odisha.
NINL, a company promoted by MMTC, is offering about 6,600 MT LAM Coke for sale. At present, the company has decided to offer about 2,200 MT at a basic price of INR 14,700/MT ex-Cuttack, Odisha. While, purchasing above 2,200 MT, the company is providing discount of upto INR 200/MT.
“A market participant highlighted that current offers have increased as the soft supply of LAM Coke might have persistent in the domestic market.”
The offered LAM Coke contains 12.5% of Ash (max) with sizes available in the range of 20-80 mm. The offer is valid till 31 Jan, 2015.
|
Quantity (MT) |
Prices (INR/MT) |
Payment Terms |
|
1 rake by rail |
14,700 |
100% advance payment |
|
One rake = approx 2,200 MT |
||
|
1 rakes to 3 rake (2,200 MT to 6,600 MT) |
14,500 |
100% advance for first rake and 10% advance as security for the rest quantity. Rest payment within the validity of price circular |
|
One rake = approx 2,200 MT |
Imported Met Coke
Current offer of Chinese origin 62-65% CSR Met Coke is hovering in the range of USD 194-196/MT, CFR India. Imported prices have shown a constant decline compared to last year and decreased by 28% between Jan’14 & Jan’15. Currently short supply of material in the domestic market might be a reason behind of price hike. India’s total Met Coke import reached about 3.6 MnT from Jan’14-Nov’14, out of which about 1.7 MnT supplied by China.
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