The Met Coke market in India is without much activity as buyers are waiting for Coking Coal prices to come down before resuming purchases.
OFFERS GO UP
Met Coke offers from the key international market have gone further up as Coking Coal prices are moving up.
The latest offer for the 64% CSR Met Coke is reported higher by USD 11/MT at USD 339.50/MT CFR India. The recent offer for the 62% CSR Met Coke is reported at USD 335.50/MT CFR India, up by USD 10/MT over the week-ago rate.
Source: CoalMint Research
Sellers in China have quoted these offers at: USD 326.50/MT and USD 322/MT respectively o FoB basis.
INDIAN PRICES UNMOVED
Indian Met Coke producers seem to have no reason for revising their ex-works prices as demand is low.
Buyers in the country have halted their purchases, waiting for Coking Coal prices to come down. The prices have remained stable at the rates assessed the last week.
Source: CoalMint Research
The current ex-works prices of the Blast Furnace grade in India are at: INR 25,000/MT (east coast) and INR 27,000-29,000/MT(west coast).
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