DAILY: China's met coke prices expected to edge lower

China's metallurgical coke market is expected to extend its downtrend in the near term, with participants widely anticipating a second round of price cuts. Persistent losses among steelmakers will continue to weigh on met coke prices.

Mysteel Coke Index (MCI) CDQ, which tracks China's national dry-quenched quasi-first-grade met coke prices, decreased by Yuan 107.7/tonne ($16.1/t) from the last session to Yuan 2,215.6/t on October 8, while the MCI CWQ for wet-quenched quasi-first-grade met coke lost Yuan 86.3/t to Yuan 2,045.3/t, both including VAT. The declines