NINL’s current offer for 11,000 MT LAM Coke unchanged compared to previous price circular floated on 19 Nov, 2014. Offered quantity is same as on last circular.
MMTC on behalf of NINL is offering about 11,000 MT LAM Coke for sale. At present, it is offering about 2,200 MT at a basic price of INR 14,000/MT ex-Cuttack, Odisha. While, purchasing above 2,200 MT, the company is offering discount of upto INR 200/MT.
The offered LAM Coke contains 12.5% of Ash (max) with sizes available in the range of 20-80 mm. The offer is valid till 30 Dec, 2014.
|
Quantity (MT) |
Prices (INR/MT) |
Payment Terms |
|
1 rake by rail or road |
14,000 |
100% advance payment |
|
2 rakes (2,201 MT to 4,400 MT) |
13,800 |
100% advance for first rake and 10% advance as security for the rest quantity. |
|
3 rakes (6,600 MT ) |
13,600 |
Imported Met Coke Scenario
Current offers of Chinese origin 62-65% CSR Met Coke is hovering in the range of USD 200-201/MT CFR India. Imported prices have shown a constant decline compared to last year. The imported offers have fallen by 26% between Jan’14 to Nov’14. China’s comparative low prices of material are exerting pressure on the domestic prices.
India’s total Met Coke import reached about 3.6 MnT from Jan’14-Nov’14, in which about 1.7 MnT supplied by China. Domestic manufacturers are struggling with heavy dumping of imported Coke and 2.5% import duty on Coking coal, announced by India in budget FY15. While, India’s Met Coke producers have asked the government to increase at least 20% import duty on Coke, which is same as Coking coal import tariff. Duty on Met Coke should be higher because it’s processed material of Coking coal.
Met Coke manufacturers association stated that China has started dumping of Met Coke. In 2008, China had imposed about 40% of export duty on Met Coke, which were 5% in 2004 and reduced to zero in 2013, since then China Coke export to India has been increased.
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