DAILY: China's spot coking coal stays resilient despite softer futures

The prevailing upbeat sentiment continued to send Chinese coking coal prices higher on November 3, with Mysteel's assessment for the national composite coking coal price jumping Yuan 17.5/tonne ($2.5/t) to reach Yuan 1,370.4/t including 13% VAT, marking the sharpest daily gain since late July.

The domestic auction market witnessed further price rallies for various coking coal grades on Monday. In North China's Shanxi province, 30 coking coal deals were concluded higher by Yuan 3-296/t, though settlement prices of 3 transactions fell by Yuan 11-33/t. In Hebei province, also in North China, primary coking