DAILY: China's met coke trades to slow down as holiday nears

As the Chinese New Year holiday over February 15-23 is only one week away, trading in China's metallurgical coke market is expected to slow down amid a quieter downstream steel market and the weaker demand from mills.

On February 6, Mysteel assessed China's quasi-first-grade met coke prices, for wet- and dry-quenching types respectively, at Yuan 1,426.7/tonne ($205.8/t) and Yuan 1,568.9/t including the 13% VAT, both flat from the previous session. Amid a quietened downstream steel market, met coke trading is expected to slow down as well. According