Met Coke Market under Affliction, Prices Fall Further

Bearish sentiments to persist in global Met coke market. Meanwhile, Chinese Met coke has seen downfall in prices yet another week.

Imported Met coke price is decreasing continuously due to subdued demand among prime buyers and oversupply from Chinese sellers. Indian buyers are enjoying fall in imported Met coke offers.

Currently, 64% CSR Met coke offers from China are hovering in the range of USD 125-126/MT, CFR India against USD 127-128 /MT, CFR India in the preceding week.

However, an Indian importer told to SteelMint,” They are offering 64% CSR Met coke at USD 124/MT, CFR Vizag for 45,000 MT cargo and coke breeze at USD 95-96/MT, CFR Vizag.”

On the contrary, domestic Met coke prices are stable this week. Currently, domestic Met coke offers are assessed at INR 12,000-12,500/MT for 25-80 mm bf grade met coke. Some of the traders predicted a major price corrections in coming weeks.

NINL, one of the prime producer of indigenous Met coke, has kept its offers stable for the month. The company is offering LAM coke at INR 12,500/MT, ex-NINL (advance payment; exclusive of duties and taxes) with validity till 31 Dec’15.