DAILY: China's met coke sentiment calms, outlook still clouded

Sentiment in China's metallurgical coke market calmed on January 8, as the rumours about coal mine capacity cuts in Northwest China's Shaanxi province seemed unconfirmed and had barely impacted local production so far.

Two days ago, circulating discussions about Shaanxi revoking a capacity of 19 million tonnes/year from 26 coal mines in Yulin city had quickly lifted sentiment in both the coking coal and met coke markets, as reported. This rumour, however, was later suspected by some participants as a market hype. Mysteel's