DAILY: China's met coke sentiment remains strong

The sentiment in China's spot metallurgical coke market remained strong on March 20, underpinned by a new round of price hikes initiated by several coke producers the same day. The near-term market outlook improved materially, although the sustainability of a persistent market uptrend is still in question.

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, last Friday, unchanged from the last session. On Friday, two coke producers in Ordos and Wuhai cities, North China's Inner Mongolia, announced to raise