DAILY: China's met coke market stays strong amid tight fundamentals

China's metallurgical coke market maintained steady performance on June 17, underpinned by a persistently tight balance in fundamentals. Market participants generally expect coke prices to continue to firm up in the near term.

Mysteel Coke Index (MCI) CDQ, which tracks China's national dry-quenched quasi-first-grade met coke prices, stood flat on day at Yuan 1,892.6/tonne ($279.9/t) on Wednesday, while the MCI CWQ for wet-quenched quasi-first-grade met coke also remained unchanged at Yuan 1,725.3/t, both including VAT. Sources anticipate that the eighth round of met