DAILY: China's met coke market sentiment stays bearish

China's metallurgical coke market remained bearish on July 6, as expectations grew that domestic hot metal production may reach its peak amid steelmakers' planned maintenance this month. The latest price hikes proposed by coke producers were still stalled, with their tough negotiations with steel mills dragging on.

Mysteel Coke Index (MCI) CDQ, which tracks China's national dry-quenched quasi-first-grade met coke prices, stood flat from last Friday at Yuan 2,000.3/tonne ($291.2/t) on Monday, while the MCI CWQ for wet-quenched quasi-first-grade met coke edged up Yuan 1.9/t to Yuan 1,837.9/t, both including VAT. On Monday, a coke producer in