On December 27, SteelOrbis reported met coke (64-65 percent CSR) offers to India at $385-388/mt CFR India on tighter supply and higher coking coal prices.
Sources inform SteelOrbis that met coke offers have increased to $395-401/mt CFR India, driven by the key export Chinese market. A source noted that with reportedly higher production levels than initially expected in China along with stagnant, but high, coking coal prices with offers at approximately $255-263/mt for premium HCC FOB Australia, met coke prices “may be reaching a peak.”