FEATURE: Will workday restrictions in some Shanxi coal mines spell broader move?

A recent notice mandating a restriction of working days for some mines of a Shanxi-based coal company in the remainder of this year has been circulating in China's coking coal market and rapidly shored up coking coal futures prices over the past days, snapping multi-session pullbacks alongside a strong uplift in market sentiment.

The notice, as seen by Mysteel Global, was released by Huozhou Coal Electricity Company, a subsidiary of China's top state-run coking coal producer Shanxi Coking Coal Group, to guide its affiliated coal mines to shorten their statutory working days to 276 days this year from the normal 330 days. Mysteel's latest