DAILY: China's met coke futures surge amid coal supply concerns

China's metallurgical coke futures prices recorded robust growth on December 18 following positive news from the coal sector. However, the spot coke market largely remained weak, with participants concerned about new price cuts from steelmakers.

On Thursday, the most-traded met coke contract for next January delivery on the Dalian Commodity Exchange surged 5.4% from Wednesday's settlement price to end the daytime trading session at Yuan 1,603.5/tonne ($227.7/t). This followed sizable jumps in coking coal futures prices yesterday, after China announced its plans to tighten environmental