Low demand continues to persist in the Indian Met coke market on account of the ongoing rainy season.
Domestic producers in the country have kept their ex-works prices unchanged.
In the meantime, import offers have been assessed higher than that in the last week. Import offers of the 64% CSR Met coke were assessed higher at USD 157/MT FoB China; and that of the 62% CSR variant were also assessed higher at USD 155/MT FoB China.
For Indian buyers, these offers amount to: USD 165/MT CFR India and USD 163/MT CFR India respectively.
The prevailing ex-works prices of the Blast Furnace grade of Met coke are at: INR 14,000-14,650/MT (east coast) and INR 15,000-15,500/MT (west coast).
In China, Met coke futures have moved up by Yuan 14/MT to Yuan 1,054.50/MT on positive sentiments.
IMPORTS
Imports have somewhat shrunk due to low demand in the country. During the 1-22July’16 period, 179,500 MT of Met coke was imported into the country, according to data compiled by SteelMint Research.
The top importers were: JSW Steel, Jindal Steel and Power Limited and Essar Steel.
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