DAILY: Stronger demand expected to limit China's coking coal downside

While China's coking coal prices had softened recently amid waning market sentiment, players expect stronger demand from end-users to buffer the market against steep corrections and stabilise prices at relatively high levels.

On April 3, Mysteel assessed China's national composite coking coal price at Yuan 1,338.2/tonne ($194.4/t) including the 13% VAT, dipping by Yuan 3.6/t from the previous session. Except for a fleeting uptick on Wednesday, the composite price had recorded continuous declines last week, following the cooled market sentiment amid