DAILY: China's met coke futures jump, spot market remains slack

China's metallurgical coke markets diverged on January 6. While futures prices strengthened in yesterday's nighttime trading session with macroeconomic boosts, the spot market remained weak with further price cuts from steelmakers looming.

On Tuesday, the most-traded met coke contract for May delivery on the Dalian Commodity Exchange (DCE) reached Yuan 1,710/tonne ($244.7/t) by the end of the nighttime trading session, surging 4.1% from the daytime settlement price, according to data from the DCE. "China's central bank summoned a meeting over the past