DAILY: China's coking coal sentiment wanes, pulling prices lower

Sentiment in China's coking coal market continued to soften on March 31, following signals of de-escalation in the ongoing Iran conflicts. The cooling market atmosphere weighed on coking coal prices in both spot and futures markets.

On the Dalian Commodity Exchange, the most-traded coking coal contract for May delivery tumbled 5.7% from Monday's settlement price, closing Tuesday's daytime trading session at Yuan 1,148.5/tonne ($166.9/t). The decline in futures price came alongside a relief of concerns over global energy supply yesterday, after the US President Donald Trump