DAILY: China's coke market outlook dims amid mills' uncertain stance

The pessimistic outlook for China's metallurgical coke market intensified on April 10, as steel mills remained indecisive on the first price hike proposed by some coke producers early this week, Mysteel Global observed.

As of Thursday, Mysteel's national composite coke price was assessed at Yuan 1,291/tonne ($175.7/t), including 13% VAT, unchanged on day. Moreover, domestic steel mills have largely curtailed shipments of additional coke products this week amid the emerging weakness in spot steel prices, which spelled another unfavourable sign for the near-term