Seaborne metallurgical coke prices have fallen over the past week at the back of a slow down in export activity from China.
Reportedly, there has been no trading in China’s met coke export market in the past two weeks in view of the historically high prices, with limited inquiries and offers heard.
China’s domestic met coke producers in the northern provinces of Shanxi, Hebei and Shandong have agreed to cut down coke prices by RMB 100/MT last week, due to ample coke inventories at steel mills and weaker demand.
PRICE ASSESSMENTS
The latest import offers for the 64% CSR met coke are assessed at around USD 377/MT FOB China, lower by about USD 5.60/MT than the average price of around USD 382.60/MT in the week gone by (10-14 Sep’18).
Similarly, offers for the 62% CSR met coke have decreased to around USD 368/MT FOB China.
For Indian buyers, these offers amount to USD 394.50/MT and USD 385.50/MT respectively on CNF India basis.
Source: CoalMint Research
At present, India’s domestically produced met coke prices are very volatile because of coking coal price fluctuations.
The current ex-works prices of the blast furnace grade are assessed at around INR 27,000/MT (east coast) and between INR 28,000 and 29,000/MT (west coast).
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