DAILY: China's coking coal market remains rangebound

Fluctuations continued in China's coking coal market on April 15, with price hikes and reductions both observed among miners. Although coal trades have improved marginally, many players expect the market to remain rangebound before any solid support emerges.

On Wednesday, Mysteel assessed China's national composite coking coal price at Yuan 1,326.2/tonne ($194.6/t) including the 13% VAT, down Yuan 0.5/t from the previous session after a brief recovery over the previous two days. Broader price adjustments were recorded among Chinese coal miners alongside a busier online auction market. Yesterday,