DAILY: China's met coke remains firm despite weakened support

China's metallurgical coke market extended firm performance on March 30, although support factors from upstream and downstream sectors softened slightly. Two rounds of coke price increases are expected ahead amid healthy market fundamentals, according to sources.

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 ($199.9/t) and Yuan 1,516/t, including the 13% VAT, respectively, on Monday, unchanged from the last session. However, support from the cost side weakened with some overpriced coking coal varieties falling by Yuan 30-50/t