DAILY: China's met coke sentiment warm, prices stable

Sentiment in China's metallurgical coke market remained positive on October 30, with expectations for a success of the ongoing price hike proposal intensifying given the stronger support from the cost front, according to market sources.

On Thursday, Mysteel's assessment of Chinese quasi-first-grade met coke prices, for wet-quenching and dry-quenching types respectively, stayed unchanged from the previous session at Yuan 1,468.8/tonne ($206.5/t) and Yuan 1,619.4/t including the 13% VAT. As of Friday morning, no steelmaker had responded to the price hikes coke plants proposed two days