Met Coke Price Trend and Forecast

Regional Price Overview

Get the latest insights on price movement and trend analysis of Met Coke in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Met Coke Price Trend for the Second Half of 2023

Met coke prices were observed to be rising throughout the said period of H2’23 as it very closely followed the price trend of its feedstock material coal throughout the entire span. Quarter three began with the mining industry facing several restrictions because of environmental concerns, which constricted the coal supplies, thereby impacting the met coke output.

Met Coke Price Chart

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The supply situation became even more dire in the fourth quarter as the shipping industry, too, got disturbed amidst the Red Sea crisis. This freight disturbance further curtailed the market supplies. The dip in demand because of this long-term procurement struggle did push down the price graph elevation a little bit. But, overall, a rising market trend was witnessed in H2’23.

Analyst Insight

According to Procurement Resource, Met Coke price trends are expected to continue along similar lines in the coming months since the supply situation is not likely to improve anytime soon.

Met Coke Price Trend for the First Half of 2023

Met Coke witnessed fluctuating price patterns throughout the first half of 2023. Various factors like availability and upstream costs affected the price trend, but primarily market demands drove the market behaviour for Met Coke.

The met coke prices in the Chinese domestic market declined, given the reduced demands amid falling upstream cost pressure. However, in India, prices averaged about 540 USD/MT (EXW) in January and inclined steadily over the next few months. India is undergoing rapid infrastructure development, which calls for inclined demands from consumer metallurgical industries, so the inclined price trend were observed.

On the contrary, other global markets like North America and Europe witnessed declining trend for most of the discussed periods. The economic recession in Europe and hiked interest rates in the USA have pivoted the monetary decision-making of European and American people. Sectors like construction and manufacturing exhibited very limited activities during this period. So, the price trend for Met Coke remained on a declining trajectory for these markets.

Analyst insight

According to Procurement Resource, the Met Coke prices are expected to continue an oscillating pattern given the unsettled demand and supply dynamics.

Procurement Resource provides latest prices of Met Coke. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.