DAILY: China coke producers launch 10th price hike

Chinese coke producers have officially called for a new round of price increases for metallurgical coke on the morning of July 3, stepping up their push for higher prices ahead of an anticipated bearish turn in the market. The 10th hike, however, is expected to be delayed as price talks with steelmakers could drag on.

Mysteel Coke Index (MCI) CDQ, which tracks China's national dry-quenched quasi-first-grade met coke prices, remained flat on day at Yuan 2,000.3/tonne ($294.6/t) on Thursday, while the MCI CWQ for wet-quenched quasi-first-grade met coke stood still at Yuan 1,836/t, both including VAT. On Friday morning, some coke producers in North China's