DAILY: China's coking coal market sees moderate recovery

China's coking coal market showed slight improvement on April 13, following a protracted downtrend lasting nearly two weeks. Participants expect the market to stabilise in the near term, citing support from stronger sentiment.

On Monday, Mysteel's assessment of China's national composite coking coal price recorded its first increase of Yuan 1.8/tonne ($0.3/t) in over a week. The price climbed to Yuan 1,324.7/t, including the 13% VAT, after cumulative declines of Yuan 22.4/t since April 2. The marginal uptick came as more miners in