DAILY: China's coking coal uptrend persists, sentiment buoyant

China's coking coal market extended its bullish run on June 4 amid strong sentiment. With the safety inspection campaign showing signs of extension, some participants expect mine output to face intermittent disruptions going forward.

On Thursday, Mysteel Coking Coal Index (MCCI), which tracks coking coal prices nationwide in China, hit Yuan 1,535.8/tonne ($226.7/t) including the 13% VAT, rising by another Yuan 25.6/t from the previous session. Shanxi, China's top coking coal producing hub, continued to see sharp price hikes among local miners. According to