DAILY: China's met coke market remains in a dilemma

The Chinese metallurgical coke market remained at an impasse on October 15, with higher coking coal input costs and tepid downstream demand exacerbating the standoff between coke producers and steel mills over a potential third round of price cuts.

Mysteel Coke Index (MCI) CDQ, which tracks China's national dry-quenched quasi-first-grade met coke prices, stood flat from the last session at Yuan 2,107.9/tonne ($315/t) on Thursday, while the MCI CWQ for wet-quenched quasi-first-grade met coke also stabilized at Yuan 1,956.2/t. Negotiations between coke producers and steel mills over a potential