Global traders are offering Chinese Coke (25-90 mm & CSR 65) to Indian steelmakers/buyers at around USD 168/MT FOB China, for May delivery.
Demand for imported Coke has come down because of low utilization capacity of blast furnaces. Importers continue to face railway rake supply issues and cargo availability problems. Thus, buyers are unable to receive the imported material as per their expected date of arrival. Freight level (Qty/DMT) for standard sized cargo of 30,000 MT Is USD 15-16/MT.
Domestic cokeries are running at low capacity because transportation of imported/domestic Coke from port to plant is being delayed. 25-80 mm & CSR 64 Coke is being offered at INR 13,500/MT ex works East and at INR 16,000/MT landed to Central India.
0-6 mm Coke prices are at INR 7,000-8,000/MT ex works South and 10-25 mm prices are at INR 12,500-13,000/MT ex works South.
Demand for Coke fines/breeze and Nut coke has come down because of either production cut by Ferro Alloy manufacturers who are willing to purchase cheaper Coke fines; few of the plants have closed down. Suppliers are facing a sharp decline in sales volumes. 0-5 mm Coke fines (FC 60%) is being offered at INR 7,000/MT ex work South India.
Hard coke (12.5% min Ash) is being offered at INR 16,000-17,000/MT landed to Indian ports, from China based suppliers. 80-100 mm Coke is being offered at USD 205/MT CFR southern port of India.
Coke producers in East are offering 5-15 mm Coke, having 33% max Ash, at INR 9,600/MT ex factory and 15-25 mm at INR 9,200/MT ex works with similar Ash content.
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