DAILY: China's third met coke hikes take effect, fourth round emerges

China's met coke market stayed strong on August 31, with the third round of price hikes now in place. A fourth round emerged on September 1 just one day later as firm coking coal costs and tight coke supply kept the near-term uptrend intact.

Mysteel Coke Index (MCI) CDQ, which tracks China's national dry-quenched quasi-first-grade met coke prices, climbed Yuan 104.6/tonne ($15.57/t) to Yuan 2,107.9/t on Monday, while the MCI CWQ for wet-quenched quasi-first-grade met coke also rose Yuan 90.5/t to Yuan 1,921.1/t. The gains mirrored the third round of coke price hikes of