DAILY: China's met coke market stagnates, post-holiday risks remain

Trading activities in China's metallurgical coke market stayed quite limited on February 12 as the Chinese New Year holiday is only days away. Most participants have turned their focus to market trends after the holiday, wary of potential risks that may weigh on post-holiday met coke prices, sources reported.

Downward pressures may derive from the softer cost support if domestic coking coal prices lose momentum. As coke makers may focus on depleting their coking coal stocks after the holiday, weak demand is anticipated to weigh on coal prices. This, however, also indicates further downside room for met coke