DAILY: China's coking coal outlook remains positive

China's coking coal market remained strong on March 17, with prices largely on an upward trajectory. Many participants maintained their bullish expectations for the market, with some expecting stronger support if metallurgical coke prices could strengthen in the near term.

On Tuesday, Mysteel assessed China's national composite coking coal price Yuan 3.2/tonne ($0.5/t) higher on day at Yuan 1,258.5/t including the 13% VAT. The rise, however, slowed down from the Yuan 5.3/t increase the previous day, as more coal miners lowered their prices yesterday, Mysteel Global observed. In North China's Shanxi