DAILY: Better demand outlook bolsters China's coking coal market

Positive expectations for China's coking coal market persisted on March 13, as many participants believe that production resumption of some northern steelmakers will further boost coking coal demand and support prices of the raw material in the near term, Mysteel Global learnt.

Last Friday, China's national composite coking coal price climbed another Yuan 5.2/tonne ($0.75/t) from the previous session to Yuan 1,250/t including the 13% VAT, up for the sixth consecutive trading day, according to Mysteel's assessment. The protracted rise followed robust online auctions, where the 213,000 tonnes of coking coal listed