DAILY: China's met coke tightness eases, capping price upside

The tightness of China's metallurgical coke supply has shown signs of easing amid cargo releases from traders and slower purchasing activity among steelmakers. This gradual shift in underlying fundamentals is anticipated to undermine the strength of coke prices.

Mysteel Coke Index (MCI) CDQ, which tracks China's national dry-quenched quasi-first-grade met coke prices, stood flat on day at Yuan 2,000.3/tonne ($294.4/t) on Tuesday, while the MCI CWQ for wet-quenched quasi-first-grade met coke was also unchanged at Yuan 1,837.9/t, both including VAT. Sources reported that the domestic met coke market