DAILY: China's spot met coke prices set to decline

Spot metallurgical coke prices in China are poised to soften as the third round of price cuts is expected to take effect on November 13 as scheduled. Persistent weakness in the steel market continues to cloud the price outlook, while potential tightness in coke supply adds uncertainty.

On Thursday, Mysteel Coke Index (MCI) CDQ, which tracks China's national prices for dry-quenched quasi-first-grade met coke, stayed unchanged from the previous session at Yuan 2,107.9/t. The MCI CWQ, tracking wet-quenched quasi-first-grade met coke, also held steady at Yuan 1,943/t, with both prices including VAT. The third round of met