WEEKLY: China's coking coal trading quickens as holiday looms

Trading activity in China's coking coal market warmed up during the week to April 23, as participants in end-use sectors stepped up their replenishment ahead of the country's five-day Labour Day holiday from late next week, Mysteel's latest survey found.

Over April 17-23, Mysteel saw about 1.94 million tonnes of coking coal cargoes listed for online auction, with only 130,000 tonnes failing to sell – equal to less than 7%. This marked a notable reduction from the double-digit failure rates of 15-29% recorded over the previous three weeks and