DAILY: China's spot met coke market outlook still clouded, futures rise

The outlook for China's spot metallurgical coke market was still clouded as of March 2, with high in-plant inventories at coke producers expected to further undermine their pricing power in a market traditionally dominated by steelmakers, Mysteel learned.

On Monday, Mysteel's assessments for China's quasi-first-grade met coke prices for wet- and dry-quenching types came in at Yuan 1,427.9/tonne ($207.5/t) and Yuan 1,569.8/t, including the 13% VAT, respectively, gaining Yuan 1.2/t and Yuan 0.9/t from the last session. The modest upticks, however, were mainly due to lagged price adjustments