DAILY: Chinese coke firms mull new price hike, optimism persists

Chinese coke producers were heard mulling another hike on their metallurgical coke selling prices this week to further improve their profit margins. Optimism largely persists despite a growing caution among market players amid signs of weaker steel prices.

Mysteel assessed the national quasi-first-grade met coke prices at Yuan 1,677.4/tonne ($246.2/t) for dry-quenched type and Yuan 1,526/t for wet-quenched, including VAT, on Friday, both unchanged from the last session. Sources shared that a fourth bout of met coke price hikes is expected to kick off this week, as coke