DAILY: China's met coke market awaits direction, support remains

China's metallurgical coke market remained largely stable on August 20, with market participants awaiting direction from ongoing price negotiations between coke producers and steel mills. Expectations for the first round of price hikes remained firm.

Mysteel Coke Index (MCI) CDQ, which tracks China's national dry-quenched quasi-first-grade met coke prices, held unchanged from the previous session at Yuan 1,838.7/tonne ($272.7/t) on Thursday, while the MCI CWQ for wet-quenched quasi-first-grade met coke also stay flat at Yuan 1,695/t. Market participants continue to seek decisive signals from major