DAILY: China's coking coal prices see broad upticks, yet caution remains

China's coking coal market witnessed more price upticks on January 8, driven by downstream buyers' increased inquiries for the steelmaking material amid improved sentiment, while some market insiders still caution about the sustainability of these price rallies, saying that actual concluded transactions have yet to show a clear turning point of warming up.

Mysteel's assessment of the national composite coking coal price edged up Yuan 1.8/tonne ($0.3/t) on day to settle at Yuan 1,248.9/t including the 13% VAT on January 8, marking the first rise since December 19 last year. In North China's Shanxi province, 12 coking coal trades were settled at higher