DAILY: China's met coke market remains in stalemate

China's metallurgical coke market stayed largely stable on September 16. Spot prices remained high, yet market sentiment was still cautious. The market was locked in a stalemate, with both upward and downward price drivers lacking strength.

On Wednesday, Mysteel Coke Index (MCI) CDQ, which tracks China's national dry-quenched quasi-first-grade met coke prices, remained unchanged from the previous session at Yuan 2,323.3/tonne ($346.4/t), while the MCI CWQ for wet-quenched quasi-first-grade met coke also stood flat at Yuan 2,131.6/t, both including VAT. The met coke market remained at