DAILY: China's met coke market stays in stalemate, uncertainties remain

China's metallurgical coke market remained largely muted on December 4. While pressure from steelmakers persisted, more market participants moved to the sidelines after observing supportive signs in the upstream coking coal sector.

On Thursday, 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. While domestic coke prices have remained stable since the previous successful Yuan 50-55/t reduction on Monday, market