Chinese met coke prices remain stable amid China returned from a Dragon Boat Festival Holiday.
The seaborne metallurgical coke market resumed trading on a relatively quiet note this week with lackluster demand keeping prices largely unchanged.
Starting May, prices have already seen three rounds of upticks by around USD 14-15/MT on account of stricter environmental controls in the Shanxi area (one of the major Chinese steelmaking area).
In the domestic China market, a proposal was made to raise coke prices by USD 14/MT – the fourth time such a proposal has been made. Market participants have mixed views about acceptance of the price revision, given the low coke inventory at cokeries amid narrowing steel margins.
Price Assessments for Week 24 (10 June – 16 June 2019)
Prices for 64% CSR and the 62% CSR grades are stable and assessed at around USD 335/MT and USD 321/MT FOB China respectively from the rates that prevailed in the last week (03 June – 09 June’19).
Indian met coke import prices are also stable as compared to last week and currently hovering at around USD 349.50/MT for 64% CSR and the 62% CSR grades prices at around USD 335.5/MT on CNF India basis.
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