DAILY: China's met coke outlook stays firm after fresh price hikes

China's eighth round of metallurgical coke price hikes took effect on June 22, just five days after producers proposed the increase. Near-term market sentiment remains bullish, with further price hikes expected, Mysteel noted.

Mysteel Coke Index (MCI) CDQ, which tracks China's national dry-quenched quasi-first-grade met coke prices, rose by Yuan 53.8/tonne ($7.9/t) from the previous session to Yuan 1,946.4/t on Monday, while the MCI CWQ for wet-quenched quasi-first-grade met coke gained Yuan 46.3/t to Yuan 1,771.6/t, both including VAT. On Monday, China's two