DAILY: China's coking coal prices continue to edge higher

Chinese coking coal prices recorded broader upticks on May 11. Market participants remained fairly bullish on the near-term outlook, citing the secured hike in metallurgical coke prices yesterday, sources noted.

On Monday, Mysteel assessed China's national composite coking coal price at Yuan 1,361.1/tonne ($200.2/t) including the 13% VAT, gaining another Yuan 3.1/t from the last session and extending its uptrend after the Labour Day holiday (May 1-5). Online auction trading picked up further yesterday from the previous sessions. According to