Met Coke prices in India are escalating, being driven by the surging Coking Coal prices.
According to the latest information received, spot prices of the Premium HCC in Australia have gone up to USD 300/MT FoB.
As direct fallout of the rising prices of the prime ingredient, Coking Coal, offers of Met Coke have moved up sharply.
The latest offer for the 64% CSR Met Coke is reported higher by USD 28.5/MT at USD 328.5/MT CFR India than the rate reported last week. The recent offer for the 62% CSR Met Coke also is reported at USD 325.5/MT , up by USD 29/MT over the week-ago rate.
Source: CoalMint Research
Chinese sellers have quoted these offers at: USD 315/MT and USD 312/MT respectively on FoB basis.
Indian producers have raised their ex-works prices in response to the rising Coking Coal prices. Demand for Met Coke is strong as Blast Furnaces in the country are running at full rates. However, Met Coke purchases have somewhat moderated as buyers lowered purchases due to the rising prices.
Domestic Met Coke prices are being revised upwards within INR 500-1,500/MT by the country’s producers.
The current ex-works prices of the Blast Furnace grade in India are at: INR 25,000/MT (east coast) and INR 27,000-29,000/MT(west coast).
Source: CoalMint Research
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