DAILY: China's met coke market remains under pressure

China's spot metallurgical coke market remained stable on November 5 as participants awaited fresh price signals. Bearish sentiment nonetheless persisted, and mounting downward pressure kept market attention fixed on the prospect of metallurgical coke price cuts.

On Thursday, Mysteel Coke Index (MCI) CDQ, which tracks China's national dry-quenched quasi-first-grade met coke prices, remained unchanged from the last session at Yuan 2,107.9/tonne ($317/t). The MCI (CWQ) for wet-quenched quasi-first-grade met coke also held steady at Yuan 1,943/t. The same day, prevailing quotations for dry-quenched quasi-first-grade and first-grade