DAILY: Positive signs support China's coking coal market

China's coking coal market continued to strengthen on April 17. Optimism for the near-term outlook has built further amid the higher hot metal output and expected upticks in metallurgical coke prices, according to market players.

Last Friday, Mysteel assessed China's national composite coking coal price at Yuan 1,329.5/tonne ($194.9/t) including the 13% VAT, up Yuan 1.5/t from the previous session. Trading sentiment in the online auction market saw further recovery on Friday. Among the 150,000 tonnes of coking coal cargoes listed, 143,000 tonnes were sold