DAILY: China's met coke market stable, bearish sentiment lingers

China's spot metallurgical coke market remained stable as of October 29, with coke producers and steelmakers still locked in a negotiation standoff. Bearish sentiment persisted, with participants largely expecting met coke prices to head lower soon.

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). The MCI (CWQ) for wet-quenched quasi-first-grade met coke also held steady at Yuan 1,953.5/t. The same day, dry-quenched quasi-first-grade and first-grade met coke in