Domestic Met coke offers persist in the range of INR 12,000-12,500 as preceding week. While, imported coke offers soften further.
Domestic Met coke offers have managed to remain static amid of turmoil in global market. Indigenous Met coke prices are stable this week.
Big Indian manufacturers have kept their prices stable. Currently, domestic Met coke offers are assessed at INR 12,000-12,500/MT for 25-80 mm BF grade Met coke. However, some of the traders predicted price corrections in coming weeks.
NINL, one of the prime producers of indigenous Met coke, has kept its offers stable for the month. The company is offering LAM coke at INR 12,500/MT, ex-NINL (advance payment; exclusive of duties and taxes), with validity till 31 Dec’15.
Global Met coke market
Subdued demand for Chinese Met coke has plunged down prices drastically. Chinese Met coke prices were around USD 202/MT, CFR India a year back, which have fallen now by 39%.
Currently, 64% CSR Met coke offers from China are hovering in the range of USD 124-125/MT, CFR India against USD 125-126 /MT, CFR India in the preceding week. Prices have fallen further by USD 1/MT in a week’s time.
An importer told to SteelMint,“Chinese traders are offering Met coke for 45,000 MT vessels at USD 124/MT, CFR India for Jan’15 bookings.”
According to sources, China had exported 36.7 MnT of Met coke in Nov’15 against 37.1 in Oct’15.
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