DAILY: Outlook for China's 2nd met coke price hike grows

Expectations for a firmer Chinese metallurgical coke market strengthened on April 2, with growing momentum for a second bout of price hikes from coke producers, though more details still need to be confirmed, Mysteel learned from sources.

Mysteel assessed the national quasi-first-grade met coke prices for wet- and dry-quenching types at Yuan 1,425.5/tonne ($207/t) and Yuan 1,569.8/t, including the 13% VAT, respectively, on Thursday, flat from the last session. A market shift may follow after some sources revealed that met coke prices stand a chance to climb