DAILY: China's coking coal prices strengthen, concerns remain

Supported by lingering optimism after futures price surges earlier this week, China's spot coking coal prices strengthened further on March 11. However, concerns remain about the sustainability of the price rally, as the overall demand for coking coal stays constrained and could limit further price increases.

According to Mysteel's assessment, the national composite coking coal price climbed by a larger Yuan 3.1/tonne ($0.5/t) on day to reach Yuan 1,240.8/t including the 13% VAT, on Wednesday, marking the third consecutive day of rises. "Following the sentiment boost early this week, market inquiries have increased noticeably, bringing more