DAILY: China's coking coal stays buoyant, outlook optimistic

China's coking coal prices largely moved up on November 12, supported by both essential demand from end-users and constrained supply of the feed coal in the domestic market. The near-term market outlook stays generally optimistic, Mysteel has learned.

Mysteel's assessment of the national composite coking coal price registered a firmer daily gain of Yuan 6.2/tonne ($0.9/t) to settle at Yuan 1,405.4/t including 13% VAT on Wednesday. Notably, the assessed price for the leading brand Anze low-sulfur primary coking coal produced in Linfen city, North China's Shanxi province,