DAILY: China's spot coke prices under pressure despite futures rebound

China's metallurgical coke market showed diverging trends on March 11, with futures rebounding on improved market sentiment, while spot prices remained largely stable amid weak fundamentals.

In the futures market, the most-traded May coke contract on the Dalian Commodity Exchange closed the daytime session 0.7% higher at Yuan 1,718/tonne ($249.8/t) on Wednesday, recovering from weakness seen in the previous night session. Estimated coke margins calculated by Mysteel based on the futures board stood at around Yuan