DAILY: China's met coke price negotiation continues, sentiment positive

The price wrangle between Chinese metallurgical coke producers and steelmakers continued on November 10, marking a delay of coke makers' fourth price hike attempt since early October. However, market sentiment remained rather positive, with many players citing support from the cost and supply sides.

On Monday, Mysteel assessed Chinese quasi-first-grade met coke prices, for wet-quenching and dry-quenching types respectively, at Yuan 1,521/tonne ($213.5/t) and Yuan 1,673.3/t including the 13% VAT, unchanged from the previous session. A Shanxi-based analyst noted that the elevated coking coal prices, a key cost driver, should continue to support this