DAILY: China's met coke market steadies as cost support builds

China's met coke market stayed stable on October 14 as traders awaited steelmakers' signals on a possible third round of price cuts. Yet firmer coking coal costs have stiffened support for met coke, deepening uncertainty over the direction and extent of further declines.

Mysteel Coke Index (MCI) CDQ, which tracks China's national dry-quenched quasi-first-grade met coke prices, was assessed at Yuan 2,107.9/tonne ($315/t) on Wednesday, unchanged from the previous session. The MCI CWQ for wet-quenched quasi-first-grade met coke likewise stayed flat at Yuan 1,956.2/t, both including VAT. Price-cut talks between coke makers and