DAILY: China's met coke market in stalemate, outlook neutral

China's spot metallurgical coke market remained at an impasse as of March 12, with transactions still constrained by steel mills' tepid procuring interest. The market outlook is largely neutral, pointing to a stabilizing price trend in the near term.

Mysteel's assessments for China's quasi-first-grade met coke prices for wet- and dry-quenching types sat at Yuan 1,381.7/tonne ($201.2/t) and Yuan 1,516/t, including the 13% VAT, respectively, on Thursday, unchanged from the last session. Market sources shared that most steel mills showed little interest in building up their met coke stockpiles,