DAILY: China's coking coal trades gain momentum ahead of holiday

Trading activity in China's coking coal market had warmed up over the previous days, as end-users started to build up raw material inventories ahead of the upcoming Labour Day holiday in May. This, combined with firmer steel prices, had lifted sentiment among market players, sources noted.

On April 21, Mysteel's assessment of China's national composite coking coal price had risen for the fourth consecutive session to Yuan 1,336.6/tonne ($195.8/t) including the 13% VAT, up another Yuan 2.2/t on day. A recent uptick in trading activity helped drive the ongoing price rise, as some coking plants and