DAILY: China's met coke market to hold steady in near term

China's metallurgical coke market is expected to hold steady in the near term, with a renewed tug of war over the commodity's prices between coke producers and steel mills likely to emerge. Despite current tightness of this raw material, domestic steelmakers are still likely to resist further price hikes, indicating a temporary state of stability for the coke market.

On Tuesday, Mysteel assessed the national quasi-first-grade met coke prices at Yuan 1,677.4/tonne ($246.9/t) for dry-quenched type and Yuan 1,526/t for wet-quenched, including VAT, both unchanged from the last session. Following the materialized coke price hikes of Yuan 50-55/t on Monday, the outlook for the near-term market among participants tended