DAILY: China's met coke market marks time amid weak demand

China's metallurgical coke market remained largely muted on February 3. As steel trading quietened further and continued denting mills' buying interest in raw materials, more participants stayed on the sidelines for further market developments, according to sources.

On Tuesday, Mysteel assessed China's quasi-first-grade met coke prices, for wet- and dry-quenching types respectively, at Yuan 1,427.8/tonne ($205.8/t) and Yuan 1,568.9/t including the 13% VAT, both flat from the previous session. Caution grew in China's met coke market yesterday, with more participants concerned about future downward pressures deriving from