DAILY: Chinese players remain cautious on met coke market trend

Sentiment in China's metallurgical coke market remained cautious on February 24, with many participants sitting on the sidelines. Some players, meanwhile, expressed their concerns about the near-term market trend, citing declines in steel prices.

According to Mysteel's assessment on February 24, China's quasi-first-grade met coke prices, for wet- and dry-quenching types respectively, sat at Yuan 1,426.7/tonne ($207.6/t) and Yuan 1,568.9/t including the 13% VAT, both flat from the last estimate on February 14, the last working day before the nine-day Chinese New Year