DAILY: Active buys push China's coking coal prices higher

China's spot coking coal transactions further warmed up on January 12, as favorable market signs encouraged bargain-hunting activities among some end-buyers who expected more price upticks in the near term, Mysteel learned from market sources.

Mysteel's assessment of the national composite coking coal price increased by Yuan 8.5/tonne ($1.2/t) from the last session to reach Yuan 1,258.6/t including the 13% VAT on Monday, logging the largest daily gain since early November last year. Mysteel's survey results found that a total of 29 coking coal deals