DAILY: China's met coke market awaits pricing signals

As of November 9, China's metallurgical coke market remained in a standoff between coke producers and steelmakers, still awaiting pricing signals. Spot met coke prices were unchanged, but market sentiment remained bearish, and the prospect of a further price cut remained on the table.

On Monday, 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 ($316/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