MONTHLY: Sentiment in China's coking coal market seen settling in April

Sentiment in China's coking coal market is expected to cool this month after the strong boost that prices received during March from the escalating Middle East tensions, Mysteel's latest monthly report on the commodity suggests. Market players are recalibrating price expectations in line with underlying fundamentals, it observes.

Since mid-March, the mood in the domestic coking coal market had strengthened in sync with soaring global oil and liquefied natural gas prices, after Iran had effectively closed the Strait of Hormuz in response to the US and Israeli aggression, as reported. Starting March 6, China's national composite coking coal