MMTC has circulated NINL’s Coke prices, which is up by INR 300/MT for minimum lifting quantity of 500 MT in February.
NINL has offered around 15,400 MT LAM Coke with basic prices of INR 18,100/MT for minimum lifting of 500 MT to 2,200 MT by road. However, for lifting in large quantities by rail or road, discount has been provided.
|
NINL Coke Prices |
||
|
Quantity (In Mt) |
Price (INR/MT) |
Payment Terms |
|
For lifting of 500 MT to below 2,200 MT by road |
18,100 |
100% advance |
|
For lifting of 1 rake by rail and/or by road (One rake = Approx. 2,200 MT) |
18,000 |
100% advance |
|
For lifting of 2 rakes by rail and/or by road (Approx. 4,400 MT) |
17,900 |
100% advance for first rake and 30% advance as security for balance rakes. Full payment to be made within validity of price circular |
|
For lifting of 3 rakes by rail and/or by road (Approx. 6,600 MT) |
17,800 |
100% advance for first rake and 25% advance as security for balance two rakes. Full payment to be made within validity of price circular |
NINL’s LAM Coke contains 12.5% of Ash max; sizes available between 20-80 mm. The validity of the NINL’s offer is till 28 Feb, 2014.
Across the country, Coke prices have dropped over dull demand, however in East Coast of India it has been seen a lesser downfall.
[su_quote cite=”said a Coke manufacturer based in Vishakhapatnam”]Prices either dropped slightly or remained at same level in south market as availability of Coke is little weak.[/su_quote]
According to the traders based in East Coast of India, Prices raised by NINL is not big and buyers may sustain the rise as material availability is the issue currently. However, owing to the downtrend in steel market demand is also low and traders are expecting market to revive after 4-5 months only.
Leave a Reply