Anthracite Coal global offers have gone up not because demand is on the rise but due to the shortage of Coke Breeze, also called Coke Fines. According to market participants, Coke Breeze is short in supply from China, leading to spot prices of Anthracite Coal also to move up as both the prices are co-related.
The latest offer for Anthracite Coal is assessed at around USD 135/MT CFR India, which is up by around USD 8/MT on a weekly basis.
Source: CoalMint Research
But, there will be no impact on the Indian buyers due to the price upswing as there is almost no affinity among the users to import the coal; they preferred using alternate fuels instead.
During the first half of this month, only 19,400 MT of the coal was imported in India, data compiled by CoalMint Research shows.
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