DAILY: China's coking coal sentiment remains cautiously optimistic

While China's coking coal prices further gathered momentum on April 23 on the back of improved demand, some participants retained a cautious market outlook, searching for more signals of sustained support.

On Thursday, Mysteel assessed China's national composite cocking coal price at Yuan 1,342.9/tonne ($196.3/t) including the 13% VAT, up another Yuan 1.1/t from the previous session. The price rise slowed from Wednesday's Yuan 5.2/t, mainly because fewer coal miners participated in the online auctions yesterday. According to Mysteel's survey, only