DAILY: Chinese coke market stable, yet downward risks loom

China's metallurgical coke prices held steady on November 13, yet market watchers remained wary about a looming price cut that steel mills may demand to ease their mounting losses, Mysteel learned.

As of Wednesday, the national composite coke price under Mysteel's assessment sat at Yuan 1,747.7/tonne ($241.6/t) including the 13% VAT, unchanged from the previous day. Although midweek steel prices showed some signs of stabilizing with a modest lift from the steel futures price, the losses among domestic steel mills continued