On March 27, SteelOrbis reported import met coke (64-65 percent CSR) offers to India softening to $350-360/mt CFR India, down $2-5/mt week-on-week, with Indian buyers remaining quiet on market uncertainty.
Sources inform SteelOrbis that due to oversupply and lower coking prices, met coke prices continue ticking down and have widened down the bottom of the range by $5/mt to $345-360/mt CFR India.
A source added that with Chinese facilities reportedly paying RMB 1,950 ($310/mt) for 65 percent coke strength delivered, the offers are considered high in CFR terms, especially, in the present uncertain market.
USD = RMB 6.30 (March 28)