MONTHLY: Rises in China's coking coal prices seen easing in May

Upward momentum in China's coking coal market is seen as limited in May, leaving prices generally rangebound around current levels, noted Mysteel's latest report on the commodity. Elevated supply was cited as the main factor capping further gains.

After the frequent market corrections during the first half of April, coking coal prices in the Chinese market managed to rally in the latter half with support from higher metallurgical coke prices and stronger hot metal production among domestic mills, the report noted. According to Mysteel's assessment, the national composite