DAILY: China's met coke producers initiate fresh price hikes

Chinese coke producers launched a fresh round of metallurgical coke price hikes on October 19, as rising coking coal costs continued to erode their margins. The near-term market is expected to remain supported by firm coal prices.

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) last Friday, while the MCI CWQ for wet-quenched quasi-first-grade met coke also held steady at Yuan 1,956.2/t. On October 19, coke producers in Shandong and Hebei