DAILY: Chinese coke producers initiate new price hikes

Major coke producers in North China's Shanxi, Inner Mongolia, and Hebei announced a new round of metallurgical coke price increases on May 29, set to take effect on June 1. The short-term market outlook remains supported by resilient downstream demand and firm coal prices.

Mysteel Coke Index (MCI) CDQ, gauging China's national dry-quenched quasi-first-grade met coke prices, stayed flat on day at Yuan 1,731.2/tonne ($255.9/t) on May 29, while the MCI CWQ for wet-quenched quasi-first-grade met coke also stood still at Yuan 1,572.5/t, both including VAT. The new price markups those coke firms proposed