DAILY: China's met coke market holds flat, sentiment soft

China's spot metallurgical coke market remained at an impasse as of October 23, with participants largely staying on the sidelines. Market sentiment stayed broadly bearish, with met coke prices expected to face further downward pressure amid unsupportive signals from both upstream and downstream.

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) last Friday, 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