DAILY: China's coking coal market climbs further on warm trades

China's coking coal market continued firming up on November 5, supported by the sizzling buying demand and a sustained short supply of the feed coal. The near-term market outlook remains largely optimistic, with many participants expecting favorable factors still at play.

Mysteel's assessment for the national composite coking coal price climbed by Yuan 9.6/tonne ($1.4/t) from a day earlier to reach Yuan 1,384.7/t including 13% VAT on Wednesday, registering upticks for four weeks running. In North China's Shanxi, the country's largest coal-producing province, 30 coking coal deals in the offline auction