DAILY: China's met coke prices fall, risks remain

China's metallurgical coke prices faltered on December 1 following the nationwide materialization of a Yuan 50-55/tonne ($7-7.7/t) price cut tabled by steelmakers last Friday. Concerns about additional price cuts remain, with more mills' scheduled blast furnace maintenances this month expected to subdue coke demand.

On Monday, Mysteel assessed China's quasi-first-grade met coke prices, for wet-quenching and dry-quenching types respectively, at Yuan 1,531.1/t and Yuan 1,674.5/t including the 13% VAT, down Yuan 37/t and Yuan 53/t from the previous session respectively. After some northern mills initiated this round of price cuts last Friday, two leading