Chinese Met Coke Prices Remain Flat Amid Thin Trading

Chinese met coke prices remains stable starting this week after a sudden fall of around USD 9/MT last week. Prices fell down last week due to weakness in domestic coke market.

Market participants believed that met coke prices have just started to fall and this is not beneficial for coking coal prices.

Market sentiment is not seen to be very strong. However, export offers were yet to reflect the price cut, other sources shared. Outside of China, there was little spot demand from Japan, Korea, and Taiwan, sources added.

Price Assessments for Week 25 (17 June - 23 June 2019)

Prices for 64% CSR and the 62% CSR grades are assessed at around USD 326/MT and USD 312/MT FOB China respectively from the rates that prevailed in the last week (10 June - 16 June'19).

Indian met coke import prices are currently hovering at around USD 340.50/MT for 64% CSR and the 62% CSR grades prices at around USD 326.5/MT on CNF India basis.