DAILY: China's met coke market awaits clarity amid mixed signals

The wait-and-see sentiment was growing in China's metallurgical coke market on December 3, as the emerging supportive factors as well as the expected steelmakers' push for lower met coke prices further clouded market outlook.

On Wednesday, Mysteel's assessment of China's quasi-first-grade met coke prices, for wet-quenching and dry-quenching types respectively, stayed unchanged from the previous session at Yuan 1,532.3/tonne ($216.7/t) and Yuan 1,674.5/t including the 13% VAT. Despite a still prevalent negative sentiment among market players amid concerns about future met coke price cuts,