DAILY: Confidence flags in Chinese met coke market

China's metallurgical coke market stayed relatively weak on March 17, with the national composite coke price under Mysteel's assessment sitting at Yuan 1,298.1/tonne ($179/t) including the 13% VAT, unchanged from the previous session.

Sources predicted that met coke market is likely to stabilize in the days to come after a Yuan 50-55/t price cut materialized on March 14, citing the eased surplus of the material in the market. Coke stockpiles at domestic coke plants have kept declining markedly in recent weeks, thanks to