DAILY: China's met coke price talks heat up, prospects mixed

Price talks for China's metallurgical coke heated up between steelmakers and coke producers on July 9, keeping spot coke prices stable for the time being. The near-term prospects are splitting though, caught between still-supportive underlying fundamentals and cooler sentiment in the market.

Mysteel Coke Index (MCI) CDQ, which tracks China's national dry-quenched quasi-first-grade met coke prices, remained unchanged on day at Yuan 2,000.3/tonne ($294.4/t) on Thursday, while the MCI CWQ for wet-quenched quasi-first-grade met coke was also flat at Yuan 1,837.9/t, both including VAT. Sources shared that some major steel producers have