Indian Met Coke Prices Go Up on Rising Coking Coal Prices, Improving Demand

Rising Coking coal prices and gradual strengthening of demand have impacted Met coke prices in India.

As speculated, Met coke prices in India have gone up. The ex-works prices in the east coast have gone up to INR 14,300-14,500/MT; and that in the west coast have risen to INR 15,000-16,000/MT.

The rise in the prices could be attributed to higher import offers and the gradual strengthening of demand in the country. The recent import offers have increased remarkably as prices of Coking coal have gone up in international markets. Demand is also rising slowly in the country, and strong demand is also expected by the first half of the next month.

IMPORTS
Imports have been gradually increasing due to the rising demand. During the 1-16Aug’16 period, 277,600 MT was imported into the country, according to data compiled by SteelMint Research.