DAILY: China's met coke market stable, prospect blurs

With the first price hike taking effect on April 15, the Chinese metallurgical coke market welcomed some improvement yesterday, with profit margins recovering and sales relatively steady, according to Mysteel's survey.

On Wednesday, the national composite coke price assessed by Mysteel stood at Yuan 1,336.1/t ($182.78/t), including the 13% VAT, flat from the previous day. In the short run, met coke prices may stabilize after the latest price hike, with upstream and downstream markets still bolstering the coke market, sources predicted. According to