DAILY: Chinese met coke market stable, upward momentum fades

China's metallurgical coke market remained stable on April 9, maintaining a delicate balance for near a month. The market was still influenced by both positive and negative factors from domestic and global sides, so that it might take some time before a clearer trend emerges, according to market insiders.

As of Wednesday, Mysteel's national composite coke price was assessed at Yuan 1,291/tonne ($175.7/t), including 13% VAT, unchanged from a day earlier. The optimistic outlook for the coke market has weakened yesterday, following more declines in China's steel prices, as the increasing external pressures cast a cautious mood over the