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India: Met coke offers rise on surging coking coal price

ABSTRACT

Domestic offers for metallurgical (met) coke in eastern India have increased by INR 2,000/t on the back of coking coal prices that have risen by $44/tonne (t) w-o-w. The offers in western India were heard to be unchanged.
    While the buyers are reluctant to accept the higher offers, sellers are unwilling to lower their offers in apprehension of further rise in coking coal prices.   Buyers' reluctance   When inquired about the buyers' reluctance to accept raised offers, CoalMint learnt that the met coke being sold at present has been produced using

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