DAILY: China's met coke prices set to rise, outlook clouded

China's spot metallurgical coke prices are set to edge up on April 1, as two leading steel groups are likely to follow suit after some northern steelmakers agreed to formally accept Yuan 50-55/tonne ($7.3-8/t) increases in their coke purchasing prices effective today. But the longer-term market outlook is still clouded by volatile global energy prices and domestic futures performance.

Mysteel's assessments for China's quasi-first-grade met coke prices for wet- and dry-quenching types sat at Yuan 1,381.7/t and Yuan 1,516/t, including the 13% VAT, respectively, on Tuesday, unchanged from the last session. Dalian coke futures continued to reflect the subduing bullishness among market players, partly driven by a softer outlook