DAILY: China's coking coal sentiment continues to warm up

China's coking coal market sentiment enjoyed a further lift on April 16, with more positive signals sent from the downstream markets. Coking coal prices continued to stabilize from previous downside pressures, with some even gaining new upward momentum, Mysteel learned.

On Thursday, Mysteel assessed China's national composite coking coal price at Yuan 1,328/tonne ($194.6/t) including the 13% VAT, up Yuan 1.8/t from the previous session. More coal miners had tried to hold their prices firm yesterday. In North China's Shanxi province, for example, four miners raised their prices for fat