Chinese export metallurgical coke prices have been surging since the past two weeks, on concerns over the escalating environmental crackdown to curb operating rates at coke plants.
Major coke plants in many areas like Tangshan and Handan cities of Hebei province in the north and Henan in central China were ordered to cut production in recent weeks.
Furthermore, China’s domestic met coke prices will remain strong in the near term, given stricter environmental controls expected ahead of winter.
On the pricing front, latest import offers for the 64% CSR met coke are assessed at around USD 347/MT FOB China, up by about USD 13/MT than the rates that prevailed in the previous week.
Similarly, offers for the 62% CSR met coke has increased to around USD 338/MT FOB China.
For Indian buyers, these offers amount to USD 364/MT and USD 355/MT respectively on CNF India basis.
Nevertheless, India’s domestically produced met coke prices have remained unchanged over the past week.
The current ex-works prices of the blast furnace grade are hovering around INR 26,000/MT (east coast) and between INR 27,000 and 28,000/MT (west coast).
Leave a Reply