DAILY: China's met coke prices rangebound amid tepid sales

China's spot metallurgical coke prices remained rangebound as of March 18, impacted by sluggish transactions amid ample stockpiles at downstream steel mills. With recent rallies of coal prices yet to offer strong support, market participants expect a slim chance ahead for met coke price hikes.

On Wednesday, 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/t) and Yuan 1,516/t, including the 13% VAT, respectively, unchanged from the last session. Sources reported that most steel mills haven't started replenishing met coke in large quantities so far due