DAILY: Pressures for China's met coke prices mount

China's metallurgical coke market came under increased pressure on May 21, driven by growing evidence of weakness in both coking coal and steel prices. Near-term uncertainties continued to build, tempering the optimism that had prevailed in the market earlier.

Mysteel assessed the national quasi-first-grade met coke prices at Yuan 1,677.4/tonne ($246.6/t) for dry-quenched type on Thursday, standing still for eight straight sessions, while the same grade for wet-quenched inched up Yuan 1.1/t on day to Yuan 1,527.1/t, both including VAT. This slight gain in the wet-quenched grade reflected a