DAILY: Uptrend in China's coking coal market extends

Amid the generally lighter sentiment this week, China's coking coal market sustained its upward momentum on March 12. However, whether the sentiment-driven lift will steer market fundamentals to improve remains uncertain, according to market sources.

On Thursday, Mysteel assessed China's national composite coking coal price at Yuan 1,244.8/tonne ($181.2/t) including the 13% VAT, up by a larger Yuan 4/t compared with the Yuan 3.2/t rise the previous day. The price rallies came alongside an improved market outlook that the war-induced global energy supply concerns and