Oversupply in the cake market has pushed prices to levels not seen in several years, though the near non-existent market means that these prices are estimates only. "There is no price, no order," said one bored trader. If forced to put a price to coke, he said he would estimate a level of 180 dollars/t for coke with 10.5 percent ash and 165 dollars/t for 12.5 percent product. But he predicts there will be "no demand before Q4." Another equally despondent trader added, "There is no demand, so no real offers. It's a quite non-existent market." Pushed to name a price, he came up with 165 dollars/t to 175 dollars/t for 12.5 percent. Buyers naturally went a little lower, with one coming up! with 155 dollars/t to 165 dollars/t for 12.5 percent ash.
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