DAILY: China's met coke maintains stability, upside potential limited

China's spot metallurgical coke market continued to hold stable on March 16, a stalemate where both upside and downside momentums were absent. Despite some emerging speculations about a potential price hike, most market players believe it is unlikely to happen in the near term, Mysteel learned.

On Monday, 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 ($200.4/t) and Yuan 1,516/t, including the 13% VAT, respectively, staying flat from the last session. Sources shared that many coke producers have largely cleared their in-plant stock backlogs due to relatively