Seaborne metallurgical coke prices remain stable starting the second week of April after a tremendous price cut of around USD 38/MT, FOB China in the month of March’19. Prices are stable as buyers are now ready to take positions in the International market.
Met coke prices for 64% CSR and the 62% CSR grades are currently assessed at around USD 323/MT and USD 307/MT FOB China respectively, remains stable from the rates that prevailed in the last week (01 Apr-07 Apr’19).
Indian met coke import prices also remain stable. For the 64% CSR and the 62% CSR grades prices are at around USD 336.5/MT and USD 320.50/MT respectively on CNF India basis.
Market participants shared, it is expected that Chinese coke market will mainly operate steadily during the period of April 8-12.
It is also expected that April will mark the seasonal peak demand. The demand for raw materials will also see an increase. Meanwhile, government authorities won’t lessen environmental inspection in terms of coking industry.
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