DAILY: Downstream weakness to curb China's met coke strength

A lingering weakness in the downstream steel market is expected to curb the upward strength of China's metallurgical coke market in the days ahead, despite steel mills' faster consumption of the feedstock amid higher blast furnace operations, Mysteel learned.

Mysteel assessed the national quasi-first-grade met coke prices for wet- and dry-quenching types at Yuan 1,425.1/tonne ($207.8/t) and Yuan 1,569.8/t, including the 13% VAT, respectively, on Tuesday, flat from the last session. Sources reported that integrated steelmakers showed slightly elevated restocking interest in met coke recently alongside their hot metal