DAILY: China's coking coal stays strong, yet caution grows

China's coking coal market extended its strong run on October 10, with smooth sales and rising prices. However, the cautious mood among some market participants has intensified with the retreats in domestic steel prices in the last couple of days, Mysteel found.

Mysteel's assessment of the national composite coking coal price registered another daily rise of Yuan 14.2/tonne ($2/t) to reach Yuan 1,566/t including the 13% VAT on October 10, albeit narrowing from the Yuan 38/t gain recorded a day earlier. Market sentiment was mainly boosted by attempts from coke producers in