Indian Met Coke Prices Stable, Demand Likely to Revive Post Budget

The Met Coke market in India has almost stalled as buyers adopted a wait-and-watch mode to decide their course of action only after tabulation of the union budget in the parliament.

Import offers have gone further low, being dragged down by the falling Coking Coal prices. The latest offer for the 64% CSR Met Coke is reported lower at USD 289/MT CFR India; and that for the 62% CSR Met Coke also down at USD 285/MT CFR India.

Exporters have quoted these offers at: USD 278/MT and USD 274/MT respectively on FoB China basis.

Source: CoalMint Research

The dampened atmosphere in the country gave no reason to the domestic producers to revise their ex-works prices.

Domestic prices have remained at: INR 22,300/MT (east coast) and INR 21,000-28,000/MT(west coast).

Source: CoalMint Research