DAILY: China's met coke market outlook stays bullish

The outlook for China's metallurgical coke market remained bullish on June 2, with further gains expected after scheduled price hikes on June 3. Firming coking coal prices and resilient restocking demand from steel mills are set to underpin the domestic coke market.

Mysteel Coke Index (MCI) CDQ, gauging China's national dry-quenched quasi-first-grade met coke prices, stayed flat from the last session at Yuan 1,731.2/tonne ($256/t) on Tuesday, while the MCI CWQ for wet-quenched quasi-first-grade met coke gained another Yuan 7/t to Yuan 1,583.8/t, both including VAT. The further rise in MCI CWQ