DAILY: Prospects divided for China's met coke market

With the latest price hikes now locked in, the outlook for China's metallurgical coke market has begun to diverge, reflecting waning bullish sentiment amid mounting pressure from downstream steelmakers.

Mysteel Coke Index (MCI) CDQ, which tracks China's national dry-quenched quasi-first-grade met coke prices, stood unchanged from the previous session at Yuan 1,946.4/tonne ($286.9/t) on Tuesday, while the MCI CWQ for wet-quenched quasi-first-grade met coke also stayed flat at Yuan 1,771.6/t, both including VAT. The two leading steel producers in