WEEKLY: Supportive factors remain for China's met coke market

China's metallurgical coke market posted modest gains during the first week after the country's Labour Day holiday (May 1-5), underpinned by an overall tight supply-demand balance despite a short-lived loosening trend previously. This is likely to drive the market onto another upward trajectory in the short run.

The market continued to present a tight supply landscape amid coke producers' stable operations and smooth sales in the past week. The daily met coke output of the 230 independent coke plants that Mysteel surveys stayed flat on week at 518,200 tonnes/day over April 30-May 6, snapping the rising