DAILY: China's coke market stable on better sentiment

China's metallurgical coke prices were stabilizing from previous decline on October 28, with some signs for a short-lived stability emerging amid the improved market sentiment. Yet industry sources warned that downward pressures for the market remain in the short run.

On Monday, China's national composite coke price under Mysteel's assessment was still unchanged from Friday at Yuan 1,788.9/tonne ($250.4/t), including the 13% VAT. There was a slight lift in sentiment in the whole ferrous market yesterday, as steel prices kept rebounding since late last week due to participants' expectation of