DAILY: China's met coke prices drop for the 3rd time in December

China's metallurgical coke prices declined further on December 22, with the latest Yuan 50-55/tonne ($7-7.7/t) reduction pressured by steelmakers on December 19 materializing across the country.

On Monday, Mysteel assessed China's quasi-first-grade met coke prices, for wet-quenching and dry-quenching types respectively, at Yuan 1,439.2/t and Yuan 1,566.9/t including the 13% VAT, down Yuan 46.2/t and Yuan 53.8/t from the previous session. This marked implementation of the third round of met coke price cuts within this month,