DAILY: China's met coke fundamentals strengthen, outlook bright

China's metallurgical coke market fundamentals strengthened notably on March 24 with firmer cost support and smooth inventory depletion. This is expected to facilitate the successful materialization of the latest coke price hikes in the near term, according to market sources.

Mysteel's assessments for China's quasi-first-grade met coke prices for wet- and dry-quenching types on Tuesday sat at Yuan 1,381.7/tonne ($200.5/t) and Yuan 1,516/t, including the 13% VAT, respectively, staying flat from the last session. Sources reported that many coke traders have re-entered the spot market to seek fresh cargoes lately,