DAILY: China's coke producers mull output cuts amid surging coal costs

Some Chinese metallurgical coke producers have been mulling production cuts recently, as the sustained rally in coking coal prices has significantly pushed up their production costs and left them barely any profit margins, according to market sources.

Mysteel Coke Index (MCI) CDQ, which tracks China's national dry-quenched quasi-first-grade met coke prices, stood flat from the last session at Yuan 1,786/tonne ($263.3/t) on Monday, while the MCI CWQ for wet-quenched quasi-first-grade met coke was also unchanged at Yuan 1,631/t, both including VAT. Most coke firms are now operating