MYSTEEL: China met coke market downturn to persist in Jan on weak fundamentals

China's metallurgical coke market remained under downward pressure in December, and the weak fundamentals are expected to extend into January, as loose supply-demand condition persists and winter restocking provides limited support, according to Mysteel's latest report.

As of December 22, Chinese steelmakers had pressed their coke suppliers to accept cumulative price cuts of Yuan 150-165/tonne ($21.3-23.5/t) across three consecutive negotiations for all metallurgical coke products. "Weak demand has been the main driver behind the continuous declines in met coke prices throughout December," a ferrous analyst in