DAILY: China's met coke prices expected to tick higher

China's metallurgical coke prices are expected to extend their upward momentum, with a fresh increase set to take effect on June 15. The prospect of tighter coke supply continues to fuel bullish sentiment in the near-term market.

Mysteel Coke Index (MCI) CDQ, which tracks China's national dry-quenched quasi-first-grade met coke prices, remained flat on day at Yuan 1,839.9/tonne ($271.9/t) last Friday, while the MCI CWQ for wet-quenched quasi-first-grade met coke stabilized at Yuan 1,679.4/t, both including VAT. On Friday, some steelmakers in northern China accepted Yuan 50–55/t