Seaborne metallurgical coke import offers have stabilized in the last one week after declining over two consecutive weeks while Chinese domestic met coke price cuts amounted to Yuan 400/mt in recent weeks.
In China, most end-users are heard to have adopted a cautious stance in view of the sluggish steel market.
Moreover, the Chinese mills showed reluctance to accept a proposal put forward by met coke producers in Northern China to raise prices by Yuan 100/mt.
The Chinese domestic demand for met coke may be expected to rise only if steel prices pick up, though there will still be some interest from international buyers.
PRICE ASSESSMENTS
The latest import offers for the 64% CSR met coke are assessed at around USD 368/MT FOB China, and offers for the 62% CSR met coke are assessed at around USD 357/MT FOB China.
For Indian buyers, these offers amount to USD 384/MT and USD 373/MT respectively on CNF India basis.
Source: CoalMint ResearchChinese Met Coke Prices Remain Stable Amid Sluggish Steel Markets
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