DAILY: China's met coke prices to hold steady, new hike unlikely before May holiday

China's metallurgical coke prices are expected to remain stable in the near term, as ongoing negotiations between coke producers and steelmakers are delaying the materialization of the latest proposed price hike, Mysteel learned from sources.

On April 29, Mysteel assessed national quasi-first-grade met coke prices at Yuan 1,623.6/tonne ($237.4/t) for dry-quenched type and Yuan 1,472.7/t for wet-quenched, both including VAT. Prices have remained unchanged for six consecutive sessions. Market sources noted that many steel mills have slowed their purchasing after building up inventories, though some