Seaborne metallurgical coke prices have remained steady so far this week, after dropping sharply over the last week.
In China, market sources appear to be awaiting clearer direction, being uncertain about whether the prices have bottomed out.
Meanwhile, Indian end-users with low inventories may emerge to buy on the spot market in the coming weeks now that the met coke import offers have come down quite a bit in the past two months.
PRICE ASSESSMENTS
The latest import offers for the 64% CSR met coke are assessed at around USD 345/MT FOB China, lower by about USD 10/MT than the opening price of USD 355/MT in the week gone by (as on 7 Jan’19).
Similarly, offers for the 62% CSR met coke have decreased to around USD 330/MT FOB China.
For Indian buyers, these offers amount to USD 361/MT and USD 346/MT respectively on CNF India basis.
Source: CoalMint Research
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