DAILY: China's coke market stays flat with first price hikes postponed

China's metallurgical coke market remained stable on March 25, with the first round of price hikes initiated by some coke producers earlier this week yet to materialize, as their negotiations with major steelmakers are still underway.

On Wednesday, Mysteel's assessments for China's quasi-first-grade met coke prices for wet- and dry-quenching types came in at Yuan 1,381.7/tonne ($200.5/t) and Yuan 1,516/t, including the 13% VAT, respectively, staying flat for more than a week. Market fundamentals showed little improvement, with supply and demand largely stable. However, sentiment shifted