DAILY: A lingering tailwind supports China's coking coal market

China's coking coal prices regained some upward momentum on April 28. While pre-holiday restocking by end-users has largely wound down, market participants expect the lingering support to keep prices underpinned through the final two days of April.

On Tuesday, Mysteel assessed China's national composite coking coal price at Yuan 1,345.8/tonne ($196.9/t) including the 13% VAT, up another Yuan 1.7/t on day after a brief stall the previous day. Contributing to the overall uptick were the firmer pricing for some premium coking coal types in North China's Shanxi