DAILY: China's met coke extends rally on cost pressure, supply curbs

China's met coke market held firm on August 25, underpinned by rising coking coal costs and deeper output curtailments. With the first round of price hikes already implemented and the second finding partial acceptance, sources now suggest some plants are weighing a third round later this week.

Mysteel Coke Index (MCI) CDQ, which tracks China's national dry-quenched quasi-first-grade met coke prices, remained unchanged at Yuan 1,892.6/tonne ($281.6/t) on Tuesday, while the MCI CWQ for wet-quenched quasi-first-grade met coke was also stable at Yuan 1,740.2/t. The first round of coke price hikes took effect yesterday, while some steel