DAILY: China's met coke holds steady, sentiment soft

China's metallurgical coke market held steady as of July 15, with participants awaiting clearer price signals. Meanwhile, tepid sales continued to weigh on coke fundamentals, gradually shifting pricing leverage toward steelmakers.

On Wednesday, Mysteel Coke Index (MCI) CDQ, which tracks China's national dry-quenched quasi-first-grade met coke prices, remained unchanged from the previous day 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. The same day, Lvliang dry-quenched quasi-first-grade