Met Coke international offers have continued to rise, being driven by the escalating Coking Coal prices. In the key export market, China, production of Met Coke is learnt to have gone up, and the domestic producers also were learnt to have raised their prices, mainly on account of the rising prices of Coking Coal.
The latest offer for the 64% CSR Met Coke is reported at around USD 385/MT FoB China, a rise of around USD 3/MT over the week-ago offers. And the recent offer for the 62% CSR Met Coke is reported at around USD 375/MT FoB China, up by around USD 3/MT over the offer in the week last.
Source: CoalMint Research
On CFR India basis, these offers amount to USD 401/MT and USD 391/MT respectively.
The Indian market has sustained a lackluster atmosphere as the buyers halted their active purchases as the prices were high.
In view of the buyers’ stance, the Met Coke producers in the country have had no reason to revise their purchases upwards. The producers have kept their ex-works prices unchanged. However, the country’s producers are expected to hike their prices once the buying resumes.
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
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