DAILY: China's coking coal rally eases, caution grows

The rally of China's spot coking coal prices eased slightly on January 19, suggesting an air of caution among both suppliers and buyers. While spot trading for the feed coal remained active, market participants became less confident about the sustainability of price upticks in the near term.

Mysteel's assessment of the national composite coking coal price gained another Yuan 4.3/tonne ($0.6/t) from the last session to reach Yuan 1,295.9/t including the 13% VAT on Monday. According to Mysteel's survey results, in North China's Shanxi province, 13 coking coal deals were settled at higher prices yesterday, gaining Yuan