DAILY: Expectation for Chinese met coke price hike grows

After a week-long tensive negotiation with steelmakers, the expectation for higher metallurgical coke prices grew again among Chinese coke producers on January 26, with some market participants anticipating the price hike to materialize by the end of this month.

On Monday, Mysteel assessed China's quasi-first-grade met coke prices, for wet-quenching and dry-quenching types respectively, at Yuan 1,381.7/tonne ($198.6/t) and Yuan 1,515.1/t including the 13% VAT, both flat from the previous session. More than a week ago, Chinese coke producers proposed their first hike of Yuan 50-55/t this year on