On August 21, SteelOrbis reported Chinese import met coke (64-65 percent CSR) offers to India up at $378-382/mt CFR India or approximately $365/mt FOB.
Sources inform SteelOrbis that met coke offers increased robustly in the past week and are now reportedly at $400/mt CFR India or approximately $385/mt FOB. A source added that offers could “possibly be breaking above $400/mt CFR as we communicate” since different important raw material regions in China are announcing production cuts. The increase in price is attributed to expectations of tight supply of the met coke material in the export market. In CFR terms, the met coke price increased $18-22/mt compared to the previous range.