DAILY: Shorter supply underpins China's met coke market

China's metallurgical coke market extended the firm performance on April 16, with recent supply disruptions fanning bullish sentiment and offering persistent support. The market is expected to tick higher next week when leading steelmakers make concessions in price negotiations with coke firms.

On Thursday, 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 ($230.1/t) and Yuan 1,426.2/t, including the 13% VAT, respectively, unchanged from the last session. Concerns over tighter coke availability have intensified, as two more coke plants in Changzhi city, North