Met Coke Offers to India Stable This Week

Sluggish demand and depreciating currency have stalled global Met coke market; domestic market also under pressure.

Chinese Met coke prices have witnessed no change this week. Imported Met coke offers to India are stable owing to sluggish demand and INR depreciation in the market.

Currently, 64% CSR BF grade Met coke for a vessel of 40,000 MT, from China is assessed at USD 141-142/MT CFR East Coast of India.

Chinese 64% CSR Met coke is being offered at USD 141-142/MT CFR East Coast of India, costing Indian buyers around INR 11,400-11,600/MT.

Domestic
Domestic Met coke market is under pressure as indigenous coke prices crashed, witnessing a fall of INR 500-800/MT.

Domestic Met coke prices (25-80 mm) are assessed at INR 13,000-13,800/MT Demand for indigenous Met coke has weakened considerably as Indian steel manufacturers choose procuring the material from overseas, prompted by the falling prices in international markets.

“Market is under pressure due to falling indigenous Met coke prices and they are ready to offer BF grade indigenous Met coke at INR 12,800/MT ex-plant”, said one of the market participant.

According to latest updates available with SteelMint, India has imported about 0.1 MnT of Met coke in Sept’15 against 0.3 MnT in Aug’15.
Grade- Met Coke
Prices- USD/MT CFR India (Average Monhly Prices)
Qty in MnT
Source- SteelMint