DAILY: Tight supply fuels fresh hike in China's met coke prices

China's metallurgical coke market saw a fresh round of price hikes proposed on June 5, shortly after the previous increase took effect nationwide on June 3. The accelerated pace of markups highlights strong support from a tightening supply-demand balance.

Mysteel Coke Index (MCI) CDQ, which tracks China's national dry-quenched quasi-first-grade met coke prices, held steady at Yuan 1,786/tonne ($263.6/t) on Thursday, while the MCI CWQ for wet-quenched quasi-first-grade met coke also remained unchanged at Yuan 1,631/t, both including VAT. On Friday morning, major coke producers in North China's Shanxi,