Seaborne metallurgical coke prices are softening further as trading activity slowed down, due to weaker steel prices and margins in China.
Sources confirmed that no firm inquiries were heard in the international market at the moment.
However, many traders pointed out that it was more profitable to export met coke than sell in the domestic market under the current levels.
PRICE ASSESSMENTS
The latest import offers for the 64% CSR met coke are assessed at around USD 363/MT FOB China, lower by about USD 5/MT than the opening price of USD 368/MT in the week gone by (17-21 Dec’18).
Similarly, offers for the 62% CSR met coke have decreased to around USD 352/MT FOB China.
For Indian buyers, these offers amount to USD 379/MT and USD 368/MT respectively on CNF India basis.
Source: CoalMint Research
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