European met coke markets weak, limiting China imports

摘要

European met coke markets remain weak with the coronavirus pandemic having paralyzed auto and steel markets, leaving prices significantly lower than Chinese export coke prices. Prices last week for S&P Global Platts 65/63 CSR BF coke at $267/ mt FOB North China, compared with lower delivered offers from Russia into the Black Sea and for sources within Europe. The spread between Chinese coke prices and lower prices in Europe contributed to weaker demand for imports, in a commodity more reliant on Handysize vessels rather than large bulk carriers with lower unit shipping costs.