DAILY: China's met coke market moves sideways

China's spot metallurgical coke market moved sideways on March 17, with prices standing still due to a lack of strong movement momentum. Although the cooled arbitrage purchases led to stock builds at some coke plants, participants expect a stabilizing market trend in the near term, Mysteel learned.

On Tuesday, 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 ($200.6/t) and Yuan 1,516/t, including the 13% VAT, respectively, staying flat from the last session. Coke procurements from steelmakers remained inactive as of Tuesday, as most of them still held sufficient