DAILY: China's met coke market to stay in stalemate

The Chinese metallurgical coke market is expected to remain in a stalemate in the near term, as negotiations on coke prices between domestic coke producers and steelmakers will likely intensify with both positive and negative factors in play, according to market sources.

As of Friday, China's national composite coke price under Mysteel's assessment came in at Yuan 1,297.3/tonne ($179.8/t), including the 13% VAT, down by Yuan 0.8/t from a day earlier. Although there are no clear signs of a price uptick, market participants believe that the domestic met coke market could hold