DAILY: China's spot met coke market firms amid futures rallies

China's spot metallurgical coke market continued to strengthen on April 15, with futures rallies mirroring a brighter market mood driven by tighter fundamentals in the physical market. Sources generally expect coke firms' latest price hikes to materialize nationwide next week but remain cautious about the market direction thereafter.

On Wednesday, Mysteel's assessments of the national quasi-first-grade met coke prices for dry- and wet-quenching types sat at Yuan 1,569.8/tonne ($230.2/t) and Yuan 1,426.2/t, including the 13% VAT, respectively, unchanged from the last session. Domestic coke derivatives witnessed firm upticks yesterday, with the most-traded May futures contract on the Dalian