DAILY: China's met coke market remains in a tug of war

China's metallurgical coke market remained in a stalemate on October 20, with neither upward nor downward momentum strong enough to drive a clear move. Met coke prices are expected to remain stable in the near term as the tug of war between coke producers and steelmakers drags on.

On Tuesday, Mysteel Coke Index (MCI) CDQ, which tracks China's national dry-quenched quasi-first-grade met coke prices, was unchanged from the previous session at Yuan 2,107.9/tonne ($316/t), while the MCI CWQ for wet-quenched quasi-first-grade met coke likewise stood held steady at Yuan 1,956.2/t. The first round of met coke price hikes