DAILY: China's met coke price hike delayed, sentiment softens

Sentiment in China's metallurgical coke market softened on January 19, as the scheduled met coke price hike was delayed by steelmakers. Negotiations between steel mills and coke makers should continue in the short run, with the latter still pursuing the price hike aggressively.

On Monday, Mysteel's assessment of China's quasi-first-grade met coke prices, for wet-quenching and dry-quenching types respectively, remained unchanged from the previous session at Yuan 1,381.7/tonne ($198.5/t) and Yuan 1,515.1/t including the 13% VAT. Yesterday, Chinese steelmakers stayed muted to the Yuan 50-55/t hike for all met coke products that major