DAILY: China's met coke makers insist on price hikes despite resistance

Given their severe losses, Chinese metallurgical coke producers remained intent on hiking their sales prices, indicating that their negotiations with steelmakers may drag on in the near term, according to some sources.

On January 22, 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. As the Yuan 50-55/t hike that coke makers proposed last Friday had faced resistance from steelmakers,