DAILY: China's coking coal price rises accelerate amid active trade

Mysteel assessed China's national composite coking coal price at Yuan 1,344.7/tonne ($194.7/t) including the 13% VAT on March 25, up by a larger Yuan 25.5/t on day compared with the prior day's rise of Yuan 18/t.

Contributing to the accelerating price rises were robust trades for coking coal lately. In the online auction market, buyers were scrambling for coking coal cargoes and purchased all the listed volumes of 667,500 tonnes over the first days of this week. On Wednesday, a whopping 968,000 tonnes of coking coal