There was no change in the Met Coke international offers this week over the offers in the last week. Rising Coking Coal prices in the international market have restricted any downward movement in the Met Coke export offers, although the buying was thin as the buyers adopted a wait-and-watch stance.
In China, the domestic purchases were moderate as the steel mills had already stocked.
The latest export offer for the 64% CSR Met Coke is assessed at around USD 355/MT FoB China; while, the recent offer for the 62% CSR Met Coke is assessed at around USD 345/MT FoB China. Both the offers have remained unchanged from the week-ago rates.
Source: CoalMint Research
On CFR India basis, these offers translate into: USD 371/MT and USD 361/MT respectively.
Indian buyers also have postponed their purchases in view of the uncertainty involved in the price movements. Indian Met Coke producers have kept their ex-works prices unchanged as there was no upsurge in the demand. However, one producer in the west coast has raised its ex-works price by INR 1,000/MT due to the rising Coking Coal prices.
Source: CoalMint Research
The ruling ex-works prices for the Blast Furnace grade in India are: INR 24,500-25,000/MT(east coast) and INR 25,000-27,000/MT (west coast).
Leave a Reply