Rising Coking Coal prices have shown its impact upon Met Coke prices.
Met Coke offers from the key international region have gone up remarkably, as a consequence of the up-swinging Coking Coal prices.
The latest offer for the 64% CSR Met Coke is assessed at around USD 291.50/MT FoB China, which is up by USD 9/MT over the offer the week-ago. The recent offer for the 62% CSR Met Coke is also assessed higher by USD 15/MT, at around USD 288/MT FoB China, over that in the last week.
Source: CoalMint Research
For Indian buyers, these offers translate to: USD 306.50/MT and USD 303/MT respectively on CFR India basis.
In response to the rising offers, Met Coke producers in India also have further raised their ex-works prices. Producers in the west coast were learnt to hike their ex-works prices by INR 500-1,500/MT.
In India, the ruling ex-works prices are: INR 21,700/MT (east coast), and INR 22,500/MT, INR 25,500 and INR 28,000/MT (west coast).
Source: CoalMint Research
Demand in the country is at moderate level due to the ongoing monsoon season.
IMPORTS
During the 1-24July’17, around 163,750 MT of Met Coke was imported in India, data compiled by CoalMint Research shows.
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