DAILY: Chinese coke producers withhold sales amid price hike prospects

The availability of Chinese metallurgical coke shrank recently, as some producers began withholding their sales, waiting for the expected implementation of the latest coke price hikes at the start of April. Sources anticipate continuous market resilience in the near term.

On March 27, 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 ($199.9/t) and Yuan 1,516/t, including the 13% VAT, respectively, unchanged from the previous day. Some steel mills disclosed that recently they have received fewer met coke cargoes from suppliers