DAILY: Chinese coke market stable, uncertainty exists

The trend of China's coke market remained unclear on November 4. Steel spot prices weakened further, which failed to lend much support for raw materials prices. While it was also difficult for coke prices to slip immediately, as most steel mills were still purchasing coke for their daily production need, according to market sources.

As of Monday, China's national composite coke price under Mysteel's assessment was largely unchanged at Yuan 1,791.2/tonne ($251.5/t), including the 13% VAT, up by a tiny Yuan 1.8/t on day. The opening of the NPC Standing Committee Session in Beijing yesterday gave a boost to futures prices of main ferrous