DAILY: China's met coke market steady, downside risks remain

China's metallurgical coke market held steady on October 22 after the first round of price hikes stalled. Prospects for further price increases have dimmed, while downside risks are expected to persist. Participants are awaiting clearer signals on the near-term trend.

On Thursday, Mysteel Coke Index (MCI) CDQ, which tracks China's national dry-quenched quasi-first-grade met coke prices, remained 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 also held steady at Yuan 1,953.5/t. The same day, Lvliang dry-quenched quasi-first-grade and first-grade met