Met Coke import offers have maintained the rising trend; and quite understandably, is due to the up swinging Coking Coal prices.
The latest import offer of the 64% CSR Met Coke has gone up to USD 356.50/MT CFR India; and that of the 62% CSR Met Coke went up to USD 352.50/MT CFR India.
Chinese suppliers have quoted these export offers at: USD 345.50/MT and USD 341.50/MT respectively on FoB China basis.
In India, demand has been strong as buyers purchased to stock their inventories, in addition to the daily production needs, in view of the constantly rising prices of Coking Coal.
Although, some producers in the western coast of the country have raised their ex-works prices in view of the rising Coking Coal prices; producers in the eastern coast of the country have retained their ex-works prices.
The ruling ex-works prices of the Blast Furnace grade are at: INR 22,500/MT (east coast) and INR 23,500-28,500/MT (west coast).
Source: Market Participants
IMPORTS
Imports of Met Coke also have somewhat dipped as buyers became cautious due to price volatility. According to data compiled by CoalMint Research, 240,580 MT of Met Coke was imported into India during the first three weeks of Nov’16 .
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