DAILY: Chinese met coke prices may edge lower on weak support

Following a Yuan 50-55/tonne ($6.9-7.6/t) slide last week, China's metallurgical coke prices held steady on November 11. But industry insiders warn that more drops in met coke prices may be on the horizon, in the light of lower coal costs and languishing steel prices.

On Monday, China's national composite coke price under Mysteel's assessment stood at Yuan 1,747.7/t including the 13% VAT, only down by Yuan 2.1/t from last Friday. The country's coke prices were losing even more support from the cost side, as coking coal prices kept sliding amid sluggish demand from downstream