DAILY: China's coking coal prices near one-year high

Chinese coking coal prices climbed to their highest level in nearly a year on November 6, with Mysteel's assessment of the national composite coking coal price gaining another Yuan 7.9/tonne ($1.1/t) on day to reach Yuan 1,392.6/t including 13% VAT, the highest level since late November last year.

The market uptrend, largely persisting from late June despite two short phases of corrections, has gathered pace again in November, underpinned mainly by tight coal supply and a firm metallurgical coke market, Mysteel Global noted. China's ferrous derivatives market improved yesterday after sessions of losses, as slowed steel production at