Metallurgical coke import prices have been boosted by pent-up demand after gradual easing of the pandemic-induced lockdown restrictions over the past few months.
Met coke import prices are currently assessed at around $287.00/t and $282.00/t for the 64% CSR and the 62% CSR grades respectively on CNF India basis.
India’s domestically produced met coke prices have also recovered considerably amid supply tightness, coupled with the continuing recovery in demand from steelmakers.
Indian domestic met coke prices for the 25-90 mm, blast furnace grade are currently assessed at around INR 23,000/t and INR 24,000/t along the western and eastern coasts respectively.
Meanwhile, higher domestic coking coal prices in China have pushed up the country’s met coke export prices to such high levels which are incompetent against other exporting nations as well as Indian domestic merchant coke makers.
Chinese-origin met coke export prices are currently assessed at around $317.00/t and $296.00/t for the 64% CSR and the 62% CSR grades respectively on FOB North China basis.
CoalMint’s latest vessel lineup data reveals that an aggregate shipment volume of 167,543 t of imported met coke is expected to be received in India at Hazira port near Surat in Gujarat by 3 Oct’20.
Notably, all of these inbound met coke consignments are being sourced from different countries, other than China, viz. Poland (117,543 t) and Russia (50,000 t).
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By Aditya Sinha
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