China is likely to see Met Coke exports declining as the prices have gone up remarkably due to supply concerns.
On account of the supply constraints, Met Coke offers from China are on a rising note. According to a source, export offers for the 65% CSR Met Coke went up to USD 350/MT FoB China.
In the domestic market of China, prices of Met Coke have undergone at least six rounds of price rises recently in the wake of production issues. Many production units in China were facing inspections of emissions.
The domestic ex-works prices have risen to around Yuan 2,230/MT.
In the Dalian Commodity Exchange, Met Coke futures have reached Yuan 2,487/MT, the highest since May’11.
Indian buyers can look at the Colombia, Russia and Japan markets to avoid the pressure exerted by the high offers from China. On an average, offers from these countries are at around USD 355/MT CFR India.
Leave a Reply