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This price assessment aims to enhance transparency in the Indonesian coke market. Fastmarkets has observed a significant volume of Indonesian coke entering the global market in recent months, establishing Indonesia as a key exporter of coke worldwide since 2023.In the first seven months of 2024, Poland, China and Indonesia were the top three coke exporters globally. Poland accounted for 18%, China 33% and Indonesia 12%, of the total global coke trade volume.During this period, Indonesia exported approximately 2.02 million tonnes of coke out of the global total of 17.11 million tonnes. In comparison, the country exported only 1.6 million tonnes out of a total global trading volume of 32.6 million tonnes in 2023, according to an industry source.
According to industry estimates, the total Indonesian coke exports could reach 4.18 million tonnes, with the country likely to become the second largest coke exporter after 2025.
The specifications for the proposed price assessment are as follows:Assessment：65/63% CSR coke, FOB Bahodopi, Morowali, IndonesiaQuality: 65/63% CSR, 12.5% max Ash, 0.65% max sulfur, 84% min for M40,7% max for M10, 25-90 mm size, 25% CRI, 5% max total moistureQuantity: Min 15,000 tonnesLocation: FOB Bahodopi, Morowali, IndonesiaTiming: Seaborne, loading laycan 14-60 daysUnit: USD/metric tonnePayment terms: Letters of Credit on sightPublication: Tuesday at 6.30 pm Singapore timeNotes: Origin IndonesiaThis price is part of the Fastmarkets steelmaking raw materials package.The consultation period for this proposed launch starts on May 26, 2025, and will end on June 23, 2025. The launch will take place, subject to market feedback, on July 1, 2025.To provide feedback on these prices or if you would like to provide price information by becoming a data submitter to these prices, please contact Bella Cheng by email at: pricing@fastmarkets.com. Please add the subject heading “FAO: Bella Cheng re: Indonesia coke prices.”Please indicate if comments are confidential. Fastmarkets will consider all comments received and will make comments not marked as confidential available upon request.To see all Fastmarkets pricing methodology and specification documents, go to https://www.fastmarkets.com/methodology.