DAILY: Bearish expectations grow in China's met coke market

The outlook for China's metallurgical coke market turned more bearish on July 14 amid a widening supply-demand imbalance. Market sources expect coke prices to trend lower soon, potentially ending their consecutive rallies since April.

On Tuesday, Mysteel Coke Index (MCI) CDQ, which tracks China's national dry-quenched quasi-first-grade met coke prices, remained unchanged from the last session at Yuan 2,000.3/tonne ($295.4/t), while the MCI CWQ for wet-quenched quasi-first-grade met coke also stood flat at Yuan 1,839.2/t, both including VAT. With the tenth bout of price