DAILY: China's met coke futures tick up, spot sentiment weak

China's metallurgical coke futures strengthened on December 2, following a general positive performance among major ferrous futures. Sentiment in the spot market, in contrast, remained weak yesterday, with players still holding negative views for the near-term market.

On Tuesday, the most-traded met coke contract for next January delivery on the Dalian Commodity Exchange ended the daytime trading session at Yuan 1,629.5/tonne ($230.6/t), up 2.5% from Monday's settlement price. This followed broad rises in other major ferrous futures prices yesterday. However, market players in the spot market stayed