Met Coke Offers Fall Further, Pulled by Weak Demand

Met Coke market has stayed quiet, with the prices falling in the key international market--China. The price fall was triggered by the shrinking demand, and also due to the sinking Coking Coal prices.

In the absence of active consumption by the steel makers, demand for Met Coke has remained low; and that also has led to the domestic prices of the material in China tumbling.

In a communication with a trader at the Shandong market of China, it was learnt that Met Coke prices in that market declined by at least Yuan 50/MT to around Yuan 1,760/MT as demand was weak.

In India too, demand for Met Coke has been lackluster as buyers were waiting for the international offers to come down to significant lows.

The latest offer for the 64% CSR Met Coke was reported at around USD 334/MT FoB China, which was down by around USD 11/MT over the offer in the week last. At the same time, the recent offer for the 62% CSR Met Coke was reported at around USD 324/MT FoB China, down by around USD 11/MT against the offers the week-ago.

Source: CoalMint Research
On CFR India basis, these offers translate into: USD 350/MT and USD 340/MT respectively.

Indian Met Coke producers have not yet revised their prices despite the prevalence of slackened demand and lower offers. The producers are however expected to bring down their ex-works prices in the coming days.

Source: CoalMint Research

The prevailing ex-works prices for the Blast Furnace grade in India are at: INR 25,500/MT(east coast) and INR 25,500-27,500/MT (west coast).