Metallurgical coke prices in India have moved down this week on the heels of the continued downtrend in the global market, in particular, due to the bearish sentiments in the coking coal segment.
Accordingly, local prices for blast furnace (BF) coke (64% CSR, 25-90 mm) in the eastern region of India have declined to INR 54,000/mt ($700/mt) ex-works. Meanwhile, in the western regions Indian suppliers of met coke have struggled to maintain prices at INR 55,000-56,000/mt ($712-725/mt) ex-works. In late April, met coke in India was available at around INR 58,000-60,000/mt ($757-784/mt) ex-works. “The current market in India is weak nowadays, like in the rest of the world”, an official at Indian met coke producer stated.