DAILY: China's met coke sentiment weakens, yet supports hold

Sentiment in China's metallurgical coke market softened slightly on May 20, as steel prices continued to lose ground. However, the near-term market for this steelmaking material remains supported by resilient downstream demand and tight supply, Mysteel Global notes.

Mysteel assessed the national quasi-first-grade met coke prices at Yuan 1,677.4/tonne ($246.6/t) for dry-quenched type and Yuan 1,526/t for wet-quenched, including VAT, on Wednesday, both unchanged from the last session. The physical steel market remained persistently weak yesterday, as heavy rainfall - expected to spread from the south into central