Met Coke prices in India have started going up as a consequence of the rising demand.
Most Met Coke producers in India have raised their ex-works prices in response to the rising demand in the country, and the up-swinging import offers.
Import offers have exhibited a rising trend primarily due to the impact of the ban on coal imports from North Korea in China. As Coking Coal prices have gone up in Chinese markets due to the ban, Met Coke export offers also have been quoted at higher rates.
The latest import offer for the 64% CSR Met Coke is assessed higher at USD 285/MT CFR India. Likewise, the recent import offer for the 62% CSR Met Coke is also assessed upwards at USD 281.50/MT CFR India.
Source: CoalMint Research
In the meantime, an import offer from Russia is heard at USD 265/MT on CFR India basis.
In India, purchases of Met Coke have started getting stronger. Responding to the twin developments of rising import offers and strengthening demand, most Met Coke producers in India have raised their ex-works prices. The range of increment is within INR 500-1,500/MT, in respect to producers both in the eastern and western regions of the country.
Source: CoalMint Research
IMPORTS
Imports of Met Coke have, however, not yet gained momentum. During the 1-17Mar’17 period, around 0.2 MnT of Met Coke was imported into India, data compiled by CoalMint Research shows.
Leave a Reply