DAILY: Downbeat outlook for China's met coke market grows

The downbeat outlook for China's spot metallurgical coke market was growing on February 28, a makeup working day after the Chinese New Year (CNY) holiday, with participants anticipating larger downside risks this week amid softer market fundamentals.

On February 28, Mysteel's assessments for China's quasi-first-grade met coke prices for wet- and dry-quenching types came in at Yuan 1,426.7/tonne ($208/t) and Yuan 1,568.9/t, including the 13% VAT, respectively, unchanged since early February. The month-long market stability – supported mainly by weakness in both supply and demand sides –