WEEKLY: China's met coke market extends bull run as supply crunch deepens

China's domestic metallurgical coke market staged a pronounced advance during the week of June 1518, driven by persistent tightening in coke supply and firm demand for this feedstock from steel mills running at elevated blast furnace utilization rates.

The market witnessed the successful materialization of the seventh round of coke price hikes early last week and the swift launch of the eighth two days later, underscoring an unusually aggressive pricing cycle since late March. Mysteel Coke Index (MCI) CDQ, which tracks China's national dry-quenched quasi-first-grade met coke prices,