Category Archives: Met Coke

India: MMTC floats sale tender for 28,400 t of coke products

MMTC Ltd has floated an open tender for domestic sale of lam coke, coke breeze and nut coke on truck load/rake load basis (loaded quantity in each rake of 2,200 t) for 15,400 t of lam coke (in seven lots, 2,200 t each), 11,000 t of coke breeze (in five lots) and 2,000 t (approximately) of nut coke (in four lots, with lot size of 500 t each) to interested parties/buyers. The freight is to be borne by the buyer. The techno-commercial bids as well as price bids have to be submitted electronically by 2 p.m. on 12 Aug’21.

 

India: Met coke import prices steady amid persistent supply tightness

India’s metallurgical (met) coke import prices have been mostly stable over the past week amidst the tightness in global supply, resulting from persistent high Chinese demand and record strong steel prices and margins in Europe.

CoalMint assessed the blast furnace (BF) grade met coke, with 64% coke strength after reaction (CSR), at $440.00/t CNF India, up by $4/t (0.9%) on a week-on-week basis.

The 62% CSR BF grade met coke price also increased by $4/t (1.0%) w-o-w to $399.00/t CNF India.

Indian domestic met coke prices for the 25-90-mm BF grades are currently ranging between INR 27,000-29,000/t along the country’s east and west coasts respectively.

However, Indian demand for seaborne met coke has remained largely subdued as most buyers refrained from making spot bookings amidst relatively softer domestic prices and ample material availability.

Moreover, the country’s domestic steel demand appears to have started to decline due to the onset of the monsoon season, coupled with ongoing restrictions associated with the coronavirus pandemic.

 

Chinese domestic met coke prices hold firm

In China, domestic metallurgical coke prices are holding firm because steel margins are profitable and domestic demand is outstripping supply.

Coke plants’ utilisation rates are lower at present due to the recent environmental inspections. The resultant tight supply and firm demand from end-users would support coke prices in the near-run.

The latest price for domestic met coke with 12.5% ash in North China is assessed at CNY 2,870/t ($455.92/t), up CNY 70/t ($13.85/t) on the week.

Hence, most traders are unwilling to export coke because domestic prices are increasing frequently in the short term and some of them could not even secure cargoes from coke plants.

 

Seaborne prices surge on robust demand in ex-China markets

Export prices for Australian premium hard coking coal had been surging since May, as Asian customers were actively seeking prompt loading cargoes amidst steel demand recovery. Furthermore, European contract buyers of US and Canadian coking coals were heard to be procuring Australian material instead.

Meanwhile, the major ex-Australian coking coal supplying nations – such as Russia, Canada and the United States – have solely been exporting to China as it is the best destination in terms of prices now.

 

Outlook

India-bound seaborne met coke prices are likely to stay at elevated levels in view of the supply tightness resulting from China’s absence from the Asian export market.

Indian coke buyers are largely expected to stay out of the seaborne market as domestic prices are comparatively lower than the international prices, which have driven Indian coke exports lately.

 

India: Domestic met coke prices stable amid weak steel demand

India’s metallurgical (met) coke import prices have been mostly stable over the past week amidst the tightness in global supply, resulting from persistent high Chinese demand and record strong steel prices and margins in Europe.

Met coke markets are presently seeing higher prices for the blast furnace grade in the seaborne markets, with European Q3 price indications firm, partly because of the higher costs from merchant suppliers.

However, Indian demand for seaborne met coke has remained largely subdued as most buyers refrained from making spot bookings amidst relatively softer domestic prices and ample material availability.

Moreover, the country’s domestic steel demand appears to have started to decline due to the onset of the monsoon season, coupled with ongoing restrictions associated with the coronavirus pandemic.

 

Price assessments

CoalMint assessed the blast furnace (BF) grade met coke, with 64% coke strength after reaction (CSR), at $440.00/t CNF India, up by $4/t (0.9%) on a week-on-week basis.

The 62% CSR BF grade met coke price also increased by $4/t (1.0%) w-o-w to $399.00/t CNF India.

Indian domestic met coke prices for the 25-90 mm BF grade are currently ranging between INR 27,000-29,000/t along the country’s east and west coasts respectively.

 

Chinese domestic met coke prices firm

In China, domestic metallurgical coke prices are holding firm because steel margins are profitable and domestic demand is outstripping supply.

Coke plants’ utilisation rates are lower at present due to the recent environmental inspections. The resultant tight supply and firm demand from end-users would support coke prices in the near-run.

The latest price for domestic met coke with 12.5% ash in North China is assessed at CNY 2,870/t ($455.92/t), up CNY 70/t ($13.85/t) on the week.

Hence, most traders are unwilling to export coke because domestic prices are increasing frequently in the short term and some of them could not even secure cargoes from coke plants.

 

Seaborne prices surge on robust demand in ex-China markets

Export prices for Australian premium hard coking coal had been surging since May, as Asian customers were actively seeking prompt loading cargoes amidst a steel demand recovery. Furthermore, European contract buyers of US and Canadian coking coals were heard to be procuring Australian material instead.

Meanwhile, the major ex-Australian coking coal supplying nations – such as Russia, Canada and the United States – have solely been exporting to China as it is the best destination in terms of prices now.

 

Outlook

India-bound seaborne met coke prices are likely to stay at elevated levels in view of the supply tightness resulting from China’s absence from the Asian export market.

Indian coke buyers are largely expected to stay out of the seaborne market as domestic prices are comparatively lower than the international prices, which have driven Indian coke exports lately.

 

India: Met coke import prices rise modestly despite limited trading

India’s metallurgical (met) coke import prices increased moderately over the past week, as buyers continued to hold back on their seaborne purchases amidst ample availability of relatively low-priced domestic material.

CoalMint assessed the blast furnace (BF) grade met coke, with 64% coke strength after reaction (CSR), at $440.00/t CNF India, up by $4/t (0.9%) on a week-on-week basis.

The 62% CSR BF grade met coke price also increased by $4/t (1.0%) w-o-w to $399.00/t CNF India.

Indian domestic met coke prices for the 25-90-mm BF grades are currently ranging between INR 27,000-29,000/t along the country’s east and west coasts respectively.

 

India’s met coke imports rise 20% m-o-m in Jun’21

India’s met coke imports increased by 20.5% month-on-month to 0.23 mn t in Jun’21, as per latest vessel lineup data compiled by CoalMint.

Latest data further reveals that an aggregate quantity of 101,307 t of Polish and Colombian met coke is expected to reach various Indian ports by 31 Jul’20, including 63,590 t at Hazira (Gujarat), 25,860 t at Paradip (Odisha) and 11,857 t at Vizag (Andhra Pradesh).

 

China’s met coke demand surges

China’s met coke imports are surging amidst strong demand and domestic undersupply.

In the Chinese domestic met coke market, the near-term outlook for prices appeared to be stabilising. But the squeeze in domestic coking coal supply would have repercussions on the domestic met coke market as well.

The supply tightness observed in the domestic market, coupled with healthy demand from steelmakers, is likely to keep met coke prices strong in the near term.

However, certain mixed views also currently prevail in the Chinese domestic metallurgical coke market segment regarding price outlook on account of various factors such as steel mills’ low inventory of coke and expected reduction in crude steel production.

Meanwhile, major mills in Hebei and Shandong provinces are yet to accept the first round of price uptick proposals.

 

Outlook

India-bound seaborne met coke prices are likely to stay at elevated levels in view of the supply tightness resulting from China’s absence from the Asian export market.

Indian coke buyers are largely expected to stay out of the seaborne market as domestic prices are comparatively lower than the international prices, which have driven Indian coke exports lately.

 

India: Domestic met coke prices flat amid weak steel demand

Indian domestic prices for blast furnace (BF) grade metallurgical coke have been edging down on subdued trading amidst partial lockdowns in many Indian states.

Moreover, the country’s domestic steel demand has been showing early signs of decline following the onset of the monsoon season, along with stringent restrictions imposed due to the coronavirus pandemic.

Indian domestic met coke prices, for 25-90 millimeter-sized BF grade material, are currently in the range of INR 27,000-29,000/tonne (t)in the country’s eastern and western coastal regions.

CoalMint assessed the blast furnace (BF) grade met coke, with 64% coke strength after reaction (CSR), at $436.00/t CNF India, up by $7/t (1.6%) on a week-on-week basis.

The 62% CSR BF grade met coke price increased by $8/t (2.1%) w-o-w to $395.00/t CNF India.

 

Import prices strengthen despite thin trading

Met coke import prices into India have resumed their upward journey over the past week amidst continued tightness in global supply, resulting from persistent high Chinese demand and record strong steel prices and margins in Europe.

However, Indian buyers continued to hold back on seaborne purchases amidst ample availability of relatively low-priced domestic material. Moreover, most end-users have slowed down their restocking activities since the last two months because of uncertainties following the resurgence in Covid-19 cases in India.

 

Exports gain pace amidst declining domestic sales

Indian coal traders and producers have been actively looking at export options for better price realisations compared to domestic sales.

A total quantity of 335,300 t of met coke had been exported this year to countries such as Vietnam, Brazil, Indonesia, Romania and Oman. Market participants strongly anticipate that this trend would continue throughout the remainder of this year at least.

So far in 2021, India exported 65,250 t of met coke to Vietnam, 60,500 t to Romania, 41,000 t to Brazil, 33,000 t to Indonesia and 22,000 t to Japan.

Besides, an 11,000 t cargo of met coke, destined for Australia, sailed late last month from Dhamra port in Odisha. This was exported by a major East Indian merchant coke producer.

 

Outlook

Supply tightness in both the domestic and import markets of high-quality, low-sulphur hard coking coal is likely to provide support to met coke prices in the near term.

Coke producers may turn cautious about procuring imported coking coal amidst persistent uncertainties over seaborne and inland transportation due to the ongoing pandemic.

Moreover, the country’s steel sector outlook appears bleak, given that the resurgent pandemic has resulted in reduced steel output.

 

India: Met coke import prices up; demand weak in dull steel market

India’s metallurgical (met) coke import prices have resumed their upward journey over the past week amidst continued tightness in global supply, resulting from persistent high Chinese demand and record strong steel prices and margins in Europe.

However, Indian demand for seaborne met coke has remained largely subdued as most buyers refrained from making spot bookings amidst relatively softer domestic prices and ample material availability.

Moreover, the country’s domestic steel demand appears to have started to decline due to the onset of the monsoon season, coupled with ongoing restrictions associated with the coronavirus pandemic.

 

Price assessments

CoalMint assessed the blast furnace (BF) grade met coke, with 64% coke strength after reaction (CSR), at $436.00/t CNF India, up by $7/t (1.6%) on a week-on-week basis.

The 62% CSR BF grade met coke price increased by $8/t (2.1%) w-o-w to $395.00/t CNF India.

A trade was done on 2 Jul’21 for 20,000 t of 60% CSR BF coke at $450.00/t CNF Vietnam, with end-Aug laycan.

Besides, an 11,000 t cargo of met coke, destined for Australia, sailed late last month from Dhamra port in Odisha. This was exported by a major East Indian merchant coke producer.

Latest data further reveals that an aggregate quantity of 101,307 tonnes (t) of Polish and Colombian met coke are expected to reach various Indian ports by 30 Jul’21, including 63,590 t at Hazira (Gujarat), 25,860 t at Paradip (Odisha) and 11,857 t at Vizag (Andhra Pradesh).

Indian domestic met coke prices for the 25-90-mm BF grades are currently ranging between INR 27,000-29,000/t along the country’s east and west coasts respectively.

 

China’s met coke demand surges

China’s met coke imports are surging amidst strong demand and domestic undersupply.

In the Chinese domestic met coke market, the near-term outlook for prices appeared to be stabilising. But the squeeze in domestic coking coal supply would have repercussions on the domestic met coke market as well.

The supply tightness observed in the domestic market, coupled with healthy demand from steelmakers, is likely to keep met coke prices strong in the near term.

However, certain mixed views also currently prevail in the Chinese domestic metallurgical coke market segment regarding price outlook on account of various factors such as steel mills’ low inventory of coke and expected reduction in crude steel production.

Meanwhile, major mills in Hebei and Shandong provinces are yet to accept the first round of price uptick proposals.

 

Outlook

India-bound seaborne met coke prices are likely to stay at elevated levels in view of the supply tightness resulting from China’s absence from the Asian export market.

Indian coke buyers are largely expected to stay out of the seaborne market as domestic prices are comparatively lower than the international prices, which have driven Indian coke exports lately.

 

India: Met coke import prices steady amid global supply tightness

India’s metallurgical (met) coke import prices have been mostly stable over the past week amidst the tightness in global supply, resulting from persistent high Chinese demand and record strong steel prices and margins in Europe.

Met coke markets are presently seeing higher prices for the blast furnace grade in the seaborne markets, with European Q3 price indications firm, partly because of the higher costs from merchant suppliers.

However, Indian demand for seaborne met coke has remained largely subdued as most buyers refrained from making spot bookings amidst relatively softer domestic prices and ample material availability.

Moreover, the country’s domestic steel demand appears to have started to decline due to the onset of the monsoon season, coupled with ongoing restrictions associated with the coronavirus pandemic.

 

Price assessments

CoalMint assessed the blast furnace (BF) grade met coke, with 64% coke strength after reaction (CSR), at $429.00/t CNF India, marginally up by $1/t on a week-on-week basis.

The 62% CSR BF grade met coke price remained unchanged from last week at $387.00/t CNF India.

Indian domestic met coke prices for the 25-90 mm  BF grade are currently ranging between INR 27,000-29,000/t along the country’s east and west coasts respectively.

 

Chinese domestic met coke prices firm

In China, domestic metallurgical coke prices are holding firm because steel margins are profitable and domestic demand is outstripping supply.

Coke plants’ utilisation rates are lower at present due to the recent environmental inspections. The resultant tight supply and firm demand from end-users would support coke prices in the near-run.

The latest price for domestic met coke with 12.5% ash in North China is assessed at CNY 2,870/t ($455.92/t), up CNY 70/t ($13.85/t) on the week.

Hence, most traders are unwilling to export coke because domestic prices are increasing frequently in the short term and some of them could not even secure cargoes from coke plants.

 

Seaborne  prices surge on robust demand in ex-China markets

Export prices for Australian premium hard coking coal had been surging since May, as Asian customers were actively seeking prompt loading cargoes amidst a steel demand recovery. Furthermore, European contract buyers of US and Canadian coking coals were heard to be procuring Australian material instead.

Meanwhile, the major ex-Australian coking coal supplying nations – such as Russia, Canada and the United States – have solely been exporting to China as it is the best destination in terms of prices now.

 

Outlook

India-bound seaborne met coke prices are likely to stay at elevated levels in view of the supply tightness resulting from China’s absence from the Asian export market.

Indian coke buyers are largely expected to stay out of the seaborne market as domestic prices are comparatively lower than the international prices, which have driven Indian coke exports lately.

 

India: Domestic met coke prices edge lower on weak steel sentiments

Indian domestic prices for blast furnace (BF) grade metallurgical coke have been edging down on subdued trading amidst partial lockdowns in many Indian states.

Moreover, the country’s domestic steel demand has been showing early signs of decline following the onset of the monsoon season, along with stringent restrictions imposed due to the coronavirus pandemic.

Indian domestic met coke prices, for 25-90 mm BF grade material, are currently in the range of INR 27,000-29,000/tonne (t)in the country’s eastern and western coastal regions.

BF grade met coke, with 64% coke strength after reaction (CSR), is assessed at $428/t, CNF India, up by $8/t on the week. The 62% CSR BF grade met coke price increased by $9/t w-o-w to $387/t, CNF India.

 

Import prices strengthen despite thin trading

Met coke import prices into India inched up over the past week amidst the recent squeeze in global supply, resulting from persistent high Chinese demand and record steel prices and margins in Europe.

However, Indian buyers continued to hold back on seaborne purchases amidst ample availability of relatively low-priced domestic material. Moreover, most end-users have slowed down their restocking activities since the last two months because of uncertainties following the resurgence in Covid-19 cases in India.

 

Exports rise amidst declining domestic sales

Indian coal traders and producers have been actively looking at export options for better price realisations compared to domestic sales.

A total of 245,350 t of metallurgical coke had been exported this year to countries such as Vietnam, Brazil, Indonesia, Romania and Oman. Market participants strongly anticipate that this trend would continue throughout the remainder of this year at least.

So far in 2021, India exported 65,250 t of met coke to Vietnam, 41,000 t to Brazil, 33,000 t to Indonesia, 27,500 t to Romania and 22,000 t to Japan. Besides, a cargo of 11,000 t of met coke was exported by a major eastern India-based producer late last week.

 

Outlook

Supply tightness in both the domestic and import markets of high-quality, low-sulphur hard coking coal is likely to provide support to met coke prices in the near term.

Coke producers may turn cautious about procuring imported coking coal amidst persistent uncertainties over seaborne and inland transportation due to the ongoing pandemic.

Moreover, the country’s steel sector outlook appears bleak, given that the resurgent pandemic has resulted in reduced steel output.

 

India: Met coke import prices up; demand weak in dull steel market

India’s metallurgical (met) coke import prices have resumed their upward journey over the past week amidst the recent squeeze in global supply, resulting from persistent high Chinese demand and record strong steel prices and margins in Europe.

However, Indian demand for seaborne met coke has remained largely subdued as most buyers refrained from making spot bookings amidst relatively softer domestic prices and ample material availability.

Moreover, the country’s domestic steel demand appears to have started to decline due to the onset of the monsoon season, coupled with ongoing restrictions associated with the coronavirus pandemic.

 

India’s met coke imports decline 40% m-o-m in May’21

India’s met coke imports decreased by a whopping 40.1% month-on-month to 0.19 million tonnes (mn t) in May’21, as per vessel lineup data compiled by CoalMint.

Latest data further reveals that an aggregate quantity of 101,307 tonnes (t) of Polish and Colombian met coke are expected to reach various Indian ports by 30 Jun’21, including 63,590 t at Hazira (Gujarat), 25,860 t at Paradip (Odisha) and 11,857 t at Vizag (Andhra Pradesh).

Besides, an 11,000 t cargo of met coke was exported by a major East Indian producer as of late last week.

 

China’s met coke imports surge amid strong demand and domestic undersupply

In the Chinese domestic met coke market, the near-term outlook for prices appeared to be stabilising. But the squeeze in domestic coking coal supply would have repercussions on the domestic met coke market as well.

The supply tightness observed in the domestic market, coupled with healthy demand from steelmakers, is likely to keep met coke prices strong in the near term.

Notably, Shanxi-based producers had proposed the first round of price uptick by CNY 120/t on 18 Jun’21, according to industry sources.

Furthermore, China’s customs data revealed that the country had exported 0.65 mn t of met coke in May’21, down 14.6% m-o-m. Meanwhile, China imported 0.11 mn t of met coke in May’21, up 131% m-o-m.

 

Price assessments

CoalMint assessed the blast furnace (BF) grade met coke, with 64% coke strength after reaction (CSR), at $428/t CNF India, up by $8/t on a week-on-week basis.

The 62% CSR BF grade met coke price increased by $9/t w-o-w to $387/t CNF India.

Indian domestic met coke prices, for the 25-90 millimeter-sized BF grade, are currently ranging between INR 27,000-29,000/t along the country’s east and west coasts respectively.

 

Outlook

India-bound seaborne met coke prices are likely to stay at elevated levels in view of the supply tightness resulting from China’s absence from the Asian export market.

Indian coke buyers are largely expected to stay out of the seaborne market as domestic prices are comparatively lower than the international prices, which have driven Indian coke exports lately.