DAILY: China's coking coal market stays buoyant

China's spot coking coal market remained buoyant on January 16, with prices edging higher alongside active transactions. Most players held bullish views about the near-term market, anticipating that winter restocking moves by end-users could gather pace.

Mysteel's assessment of the national composite coking coal price gained another Yuan 6.3/tonne ($0.9/t) from the last session to reach Yuan 1,291.6/t including the 13% VAT on Friday. In North China's Shanxi province, seven coking coal deals were settled at higher prices last Friday, though the price gains of Yuan