DAILY: China's fifth round of met coke hikes gains partial acceptance

China's metallurgical coke market remained firm on September 7, as the fifth round of price hikes was partially accepted but still awaiting a response from major steelmakers. Spot met coke prices were underpinned by robust fundamentals, even as resistance to further hikes mounts amid steel producers' squeezed margins.

On Monday, Mysteel Coke Index (MCI) CDQ, which tracks China's national dry-quenched quasi-first-grade met coke prices, held steady from last Friday at Yuan 2,215.6/tonne ($330.14/t). The MCI CWQ for wet-quenched quasi-first-grade met coke was likewise unchanged at Yuan 2,035.9/t. On September 7, coke producers in North China's Shanxi and Shandong