DAILY: China's met coke market outlook remains mixed

The near-term outlook for China's metallurgical coke market remains mixed amid a tug-of-war between bullish and bearish factors. Market players largely stayed cautious on May 14, keeping a close watch on key market indicators.

Mysteel assessed the national quasi-first-grade met coke prices at Yuan 1,677.4/tonne ($247.3/t) for dry-quenched type and Yuan 1,526/t for wet-quenched, including VAT, on Thursday, both unchanged from the last session. Despite a still-firm supply-demand landscape, emerging signs of a weakening steel market have raised caution among many market players, resulting