DAILY: China's met coke market awaits new signals

China's metallurgical coke market maintained a flat trajectory on July 17, awaiting new signals for the near-term trend. Some market participants predict that mounting downside pressure could soon conclude the market's rally that has lasted for several months.

Mysteel Coke Index (MCI) CDQ, which tracks China's national dry-quenched quasi-first-grade met coke prices, remained flat on day at Yuan 2,000.3/tonne ($295/t) last Friday, while the MCI CWQ for wet-quenched quasi-first-grade met coke was also unchanged at Yuan 1,839.2/t, both including VAT. Met coke trading cooled further on Friday as