WEEKLY: China's met coke outlook brightens on firmer fundamentals

The outlook for China's metallurgical coke market strengthened this week, as improving fundamental situations offered firmer support after favorable changes emerged in both upstream coal and downstream steel markets.

The latest Yuan 50-55/tonne ($7.2-8/t) hikes in met coke prices proposed by several coke producers on Monday, which was originally scheduled to take effect from Wednesday, have currently been postponed, with major steel mills yet to respond, demonstrating an ongoing tug-of-war between the two sides. Mysteel anticipates a higher chance