DAILY: Firm coal prices lift sentiment in China's met coke market

Sentiment for China's metallurgical coke market strengthened further on May 27, as a tightening coking coal supply continued to push coke producers' raw material costs higher and even challenge operations at some coking plants.

On Wednesday, Mysteel Coke Index (MCI) CDQ, gauging China's national dry-quenched quasi-first-grade met coke prices, stood flat on day at Yuan 1,731.2/tonne ($255.4/t), and the MCI CWQ for wet-quenched quasi-first-grade met coke was also unchanged at Yuan 1,572.5/t, both including VAT. The domestic coking coal market remained red-hot on Wednesday,