DAILY: China's met coke market risks mount on waning bullishness

China's metallurgical coke market remained stable on September 9, with the fifth round of price hikes nearing full implementation. However, risks are building, even as near-term coke demand remains relatively resilient.

On Wednesday, Mysteel Coke Index (MCI) for China's national dry-quenched (CDQ) quasi-first-grade metallurgical coke remained unchanged at Yuan 2,215.6/tonne ($330.24/t). The MCI CWQ for wet-quenched quasi-first-grade met coke also held steady at Yuan 2,035.9/t. The fifth round of China's metallurgical coke price hikes – Yuan 100-110/t – is scheduled to