DAILY: China's coking coal prices rebound further as trades gather pace

China's spot coking coal prices continued their rebounds on January 14, supported by accelerating coal purchases from both end-users and traders. The near-term outlook for coal demand remains optimistic amid stabilizing steel and coke prices.

On Wednesday, Mysteel's assessment of the national composite coking coal price increased by a larger Yuan 9.7/tonne ($1.4/t) from the last session to reach Yuan 1,277.3/t including the 13% VAT. In North China's Shanxi province, a total of 16 coking coal deals were concluded at higher prices, climbing Yuan 4-193/t