NINL has dropped its Coke prices, but it doesn’t pose any affect on the other Coke manufacturers as their prices are still stable.

NINL is offering LAM coke for domestic sales at INR 17,700-17,800/MT which is INR 800-900/MT low from its previous offers during Nov’13.Presently, NINL has circulated LAM Coke (20-80mm) prices to sell quantity of around 17,000-18,000 MT. NINL is offering LAM Coke in two lots, the first lot is for lifting of 3 rakes by rail/ road (quantity around 6,600 MT) which is priced at INR 17,800/MT. The second lot is for 5 rakes by rail/road (quantity around 11,000 MT) and priced at INR 17,700/MT.

NINL’s offers are valid till 31 Jan, 2014.

Unchanged Coking Coal Market

Coke prices in domestic market remain unchanged and it is noted that manufacturers are offering Coke almost at the same level as previous month. However, experts are expecting demand to improve in time, but prices may not boost up as raw material (Coking coal) at lower prices will put pressure on the same.

A Coke seller based in West Bengal said, “The prices of LAM Coke which have been quoted by NINL are nominal and the other manufacturers are also selling it at the same level.”

He added further, “They (NINL) may have earlier unsold quantities which they have quoted high earlier in November, as during rainy season usually LAM Coke prices goes up”.

“Currently, it’s a good season for Coke manufactures owing to which the production will be at its peak”, said by a Coke seller.

South India based Coke manufacturer said, “The requirement of Coke is seems to increase slowly and expects good demand from the market in few months.”

Blast Furnace grade Coke i.e. of 25-80 mm are offered at INR 17,000-17,500/MT ex Vizag and 40-60 mm are offered at INR 19,000/MT from ex Gadhidham.

Guwahati manufacturers/traders are selling Coke to Ferro industries at INR 18,200-18,500/MT.