Uncertainty over imminent price movements among buyers in India has kept the country’s Met coke market in a dull state.
MARKET TREND
Met coke end-users in India have become cautious in their purchases in view of the uncertain price movements in the near term. Dipping Coking coal offers have indicated a likelihood of prices of the material going down in the future.
Domestic producers have kept their ex-works prices unchanged as buying did not gain momentum due to the bearish sentiments among buyers in the country.
Prices of Met coke in the eastern as well as western coasts of the country have remained unchanged from that assessed last.
In the eastern coast of the country, price of the Blast Furnace grade is at INR 14,500-15,000/MT (ex-works). And, that in the western coast is at INR 15,000/MT.
A few buyers, spoken to by SteelMint, said that they regarded the prevailing prices as high, and wished that there has to be a correction in the prices.
Meanwhile, import offers of the 64% CSR grade of Met coke from China are assessed at USD 184/MT CFR India; and, that of the 62% CSR grade at USD 182/MT CFR India. The offers have not changed from that in the last week.
IMPORTS
During the current month, 153,400 MT of Met coke has been imported, upto 16th May’16, according to data compiled by SteelMint Research.
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