DAILY: China's coke market stable, downward risk remains

China's metallurgical coke market was stable on November 29, with China's national composite coke price under Mysteel's assessment staying unchanged on day at Yuan 1,700.8/tonne ($234.5/t) including the 13% VAT.

Although coke prices have remained stable for nearly two weeks, some market participants forecast that downside risks for coke prices are increasing. This was mainly attributed to the waning demand from downstream steel mills, coupled with a slight uptick in domestic coke supply. Last week, more Chinese blast furnace steelmakers'