DAILY: Supply concerns strengthen China's coking coal market

China's coking coal prices extended the upward trajectory on April 20, drawing additional support from the upbeat futures market, growing concerns over Mongolian supply, and a fresh round of compensatory price hikes among select domestic miners.

On Monday, Mysteel assessed China's national composite coking coal price at Yuan 1334.4/tonne ($195.8/t) including the 13% VAT, up Yuan 4.9/t from the previous session, its highest daily rise since late March. Partially contributing to the accelerating price gains were the broad adjustments for monthly contract prices among major mining