The Met Coke market has moved along the expected lines, with the global offers traversing northwards due to supply scarcity and up-swinging Coking Coal prices.
Due to the combined impact of the rising Coking Coal prices in Australia, and supply tightness in China, the domestic Met Coke prices have risen by around Yuan 150/MT; and at the same time, sellers have raised their Met Coke offers.
Offers for the 64% CSR Met Coke have gone up to around USD 382/MT FoB China, a rise of around USD 12/MT over the week-ago offers. And, offers for the 62% CSR Met Coke also have risen by around USD 12/MT to around USD 372/MT FoB China.
Source: CoalMint Research
For Indian buyers, these offers amount to: USD 398/MT and USD 388/MT respectively on CFR India basis.
Indian buyers have temporarily lowered their Met Coke purchases in view of the rising export offers. At the same time, the rising prices of Coking Coal also are prompting the Indian Met Coke producers to consider further hikes in their prices. Market participants expect that Indian producers will raise their ex-works prices in the coming week.
The current ex-works prices for the Blast Furnace grade in India are: INR 25,000/MT (east coast); and INR 27,000/MT, INR 27,500/MT and INR 32,500/MT(west coast).
Source: CoalMint Research
IMPORTS
Met Coke imports have continued to drift into India. During the 1-22Dec’17 period, around 0.93 MnT of Met Coke was imported in India, data compiled by CoalMint Research shows.

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