DAILY: China's spot coking coal hovers higher amid supply concerns

China's spot coking coal prices were still firmly underpinned by the growing supply concerns of this steelmaking material on June 1, with operating miners encouraged to further hike their offers and buyers actively seeking additional cargoes.

On Monday, the Mysteel Coking Coal Index, which tracks coking coal prices nationwide in China, climbed by another Yuan 27.7/tonne ($4.1/t) to sit at Yuan 1,463.7/t with VAT, according to Mysteel's assessment. Mysteel's tracking showed that in North China's Shanxi province, prices for 34 coking coal types were adjusted by