MONTHLY: China's met coke downside seen limited in Nov

China's metallurgical coke market is expected to come under further downward pressure in November, as a softening steel market may prompt mills to push down coke prices in an effort to rebalance profit distribution along the industrial chain. However, the downside is likely to be limited by potential coke production cuts and mills' feed restocking for winter months, according to Mysteel's monthly report of the commodity.

Following coke producers' failed attempt to hike prices in late October, the domestic coke market has remained range-bound so far this month, awaiting new directional signals. Meanwhile, the weakening cost-side support is expected to push the coke market onto a downward trajectory soon. As a key driver for coke price