Imposition of Anti Dumping Duty on Met Coke imports into India has not yet impacted the prices in the country. According to a few market participants, the impact will be visible slowly in the near future.
In the meantime, high Coking Coal prices have kept import offers at high rates. The latest import offer of the 64% CSR Met Coke is assessed at around USD 359.50/MT CFR India; and that of the 62% CSR material at around USD 355.50/MT CFR India.
Chinese sellers have quoted the offers at: USD 348.50/MT and USD 344.50/MT respectively on FoB China basis.
These offers are higher than that assessed the week last.
Domestic producers have kept their ex-works prices unmoved, with the exception of a producer in the east coast of the country that has raised its ex-works price by INR 500/MT in view of rising Coking Coal prices.
The prevailing ex-works prices of the Blast Furnace grade in the country are at: INR 23,000/MT (east coast) and INR 23,500-28,500/MT (west coast).
Source: Market Participants
The domestic prices are however are expected to go up in the near future due to the imposition of the duty.
IMPORTS
During the 1-25 Nov’16 period, 0.30 MnT of Met Coke was imported into the country, data compiled by CoalMint Research shows.
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