DAILY: China's coke fundamentals weak, cautious sentiment thick

The fundamentals for China's metallurgical coke market remained weak on March 4, which continued stoking worries among market participants that coke prices may face more downward risks in the near term, according to market sources.

The national composite coke price under Mysteel's assessment stood at Yuan 1,344.7/tonne ($184.2/t) including the 13% VAT on Tuesday, only down by Yuan 3.4/t from the previous day. Market sources noted that still many Chinese coke producers felt the pinch in destocking their coke inventories, as most steel mills still