NINL, one of the prime LAM coke producers in India, has upsurged LAM coke prices at INR 14,500/MT. The company has increased prices by INR 1,500/MT, 2nd time in row for April, alike last month.
MMTC, on behalf of NINL, has drifted a price circular for the present month, concerning offers of LAM coke on first-cum-first-serve premise. As indicated by the round dated 11 May’16, buyers, who intends to buy LAM coke of upto 2,200 MT and Nut coke, will have the capacity to secure the material at INR 14,500/MT and INR 14,000/MT respectively, ex-NINL (advance installment; restrictive of duties and taxes).
It was already expected that increasing imported coke costs will lead to increment in indigenous coke expenses. Non-availability of Chinese material has provided an upper hand to indigenous Met coke producers.
Material description
| S. No | Details | Norms |
| 1 | Type | LAM Coke |
| 2 | Size | 20–80 mm |
| 3 | Qty in MT | 0-4,400 |
| 4 | Total Moisture | Upto 3% |
| 5 | Ash content | Upto 12.5% |
Note: Price circular will be valid upto 31 May’16.
Along with this, NINL has following discount slab
| S.no | Quantity in MT | Discount in INR/MT |
| 1 | 2,201-4,400 | 250 |
| 2 | Above 4400 MT | 500 |
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