DAILY: China's met coke market set for further decline in November

China's spot metallurgical coke market remained stable as of October 30. However, bearish sentiment continued to build, with some market participants expecting coke prices to resume their downward trend soon in November.

Coke fundamentals remained largely stable, with most coking plants maintaining steady operating rates. No coordinated production adjustments were planned in the near term, Mysteel learned. However, sources shared that some producers have raised output as lower coking coal prices eased their margin pressure. With coke traders largely on the sidelines,