DAILY: China's met coke market remains resilient

China's metallurgical coke market demonstrated continued resilience on April 17, as the strengthening of downstream restocking demand helped facilitate smooth coke outflows from key production centers. With the latest coke price hikes set to materialize this Monday, market sources expect the market to reach a plateau in the near term.

Last Friday, 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 ($230.3/t) and Yuan 1,426.2/t, including the 13% VAT, respectively, both unchanged from the last session. Major steelmakers in North China on Friday accepted the Yuan 50-55/t increases in their met