DAILY: China's coking coal prices turn mixed as upward strength wanes

China's coking coal prices turned mixed on April 27, with a simultaneous wave of price hikes and cuts among miners highlighting fading momentum for a sustained rally. Market sentiment, however, held firm, underpinned by steady sales and a stronger steel market.

On Monday, Mysteel's assessment of China's national composite coking coal price stayed flat from the last session at Yuan 1,344.1/tonne ($196.8/t) including the 13% VAT, snapping a two-week upward trajectory. In North China's Shanxi, 13 miners across the province lifted their prices by Yuan 3-69/t for various coking coal grades