DAILY: Overseas supply disruptions lift China's met coke futures

China's metallurgical coke futures prices rebounded on February 4 amid supply disruptions in Indonesia - China's largest overseas coal source last year. Some coke makers reportedly wished to leverage the stronger futures market for another spot price hike, yet friction remained strong as restocking demand from mills continued waning, Mysteel's latest survey found.

On the Dalian Commodity Exchange, the most-traded met coke contract for May delivery climbed by 2.9% from Tuesday's settlement price, ending Wednesday's daytime trading session at Yuan 1,770/tonne ($254.9/t). The rise came with the news that some Indonesian coal producers had stopped their spot exports after the government proposed deep