On June 26, SteelOrbis reported Chinese import met coke (64-65 percent CSR) offers to India up at up to $390/mt CFR, following a continuous price uptrend since late April.
Sources inform SteelOrbis that met coke import offers to India reached a peak around July 1, and the market softened in the first two weeks of the month by up to $7-10/mt. However, met coke prices have dropped more significantly over the past few days and are now reportedly at $360/mt CFR India or approximately $342-345/mt FOB China.
India’s met coke market has reportedly remained highly subdued on seasonal effects and “internal realignments in India’s business environment, ongoing government procedural adjustments, and a softer currency.” Compared to the recent peak, met coke import offer prices have decreased approximately 8 percent or $30/mt in CFR terms.