DAILY: China's met coke prices steady, talks of first-round cut emerge

China's spot metallurgical coke prices held steady on September 21. Talks of a first round of cuts surfaced as sentiment weakened, with most participants expecting near-term reductions but no clear timing.

On Monday, Mysteel Coke Index (MCI) CDQ, which tracks China's national prices for dry-quenched quasi-first-grade met coke, was unchanged from the previous session at Yuan 2,323.3/tonne ($347/t). The MCI CWQ for wet-quenched quasi-first-grade met coke also held steady at Yuan 2,131.6/t. Discussions of metallurgical coke price cuts emerged in China