DAILY: China's met coke market awaits further pricing signals

China's metallurgical coke market remained largely stable on September 28. Market participants awaited further pricing signals amid expectations of an impending price cut. Two rounds of cuts were anticipated overall, though their timing remained uncertain.

Mysteel Coke Index (MCI) stood flat on Monday. The MCI (CDQ) and MCI (CWQ), which track China's national prices for dry-quenched and wet-quenched quasi-first-grade met coke, respectively, stayed at Yuan 2,323.3/t ($346.1/t) and Yuan 2,131.6/t, unchanged from the previous session. As coking coal prices continue to slide, most coking producers