DAILY: China's met coke sentiment turns optimistic as fundamentals improve

The sentiment in China's spot metallurgical coke market was slightly optimistic on March 19, as market fundamentals continued to improve amid checked production and falling stockpiles. Most participants expect upward chances, though they don't anticipate the price rise to materialize immediately.

On Thursday, 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 ($200.2/t) and Yuan 1,516/t, including the 13% VAT, respectively, unchanged from the last session. The surplus pressure in the coke market has eased a bit this week, with long-term contract coke