Met coke prices have shown no sign of improvement this week. Tight supply from China has failed to boost up Met coke prices; bearish sentiments persist in the market.
Export prices for Chinese Met coke were unchanged this week. India has always remained one of the significant buyers of exported Chinese Met coke. Domestic supply lacking the preferred quality and being costly for the Indian steel producers have always made them to opt for imports. Increasing Indian demand has always lead to fluctuation in Chinese Met coke prices.
Currently, low demand from Indian steelmakers continuously from couple of months has resulted in price corrections. Prices have fallen again by USD 1-2/MT in this week.
[su_pullquote align=”right”]A Chinese manufacturer told to SteelMint, “Chinese Met coke prices will be either stable or inch up in coming week due to tight supply of the material. The reason being week long holiday for Chinese Lunar New Year.”[/su_pullquote]
SteelMint assessed that 64% CSR Met coke offers from China are hovering in the range of USD 118-119/MT, CFR India. However, 62% CSR offers are within USD 117-118/MT, CFR India.
[su_quote]An Indian importer told to SteelMint, “We are offering a vessel of 30,000 MT 64% CSR Chinese Met coke at USD 120/MT, CFR India and Coke breeze at USD 92/MT, CIF India against LC payment and additional USD 5/MT, if purchased made against DP (Document Agents Payments).”[/su_quote] 
Grade- 64% CSR Chinese Met Coke
Prices in USD/MT
Currently, domestic offers are assessed at INR 11,800-12,300/MT for 25-80 mm BF grade Met coke.
Leave a Reply