DAILY: China's coking coal sentiment diverges, slowing price growth

China's coking coal price growth slowed on June 15 as bearish concerns partially offset positive market expectations. Despite the fluctuation in sentiment, market participants expect prices to remain broadly strong in the near term, citing a tight underlying supply-demand balance.

On Monday, Mysteel Coking Coal Index (MCCI), which tracks coking coal prices nationwide in China, rose another Yuan 3.6/tonne ($0.5/t) from the last session to reach Yuan 1,629.9/t including the 13% VAT, marking its smallest daily growth since the current bullish trend began roughly three weeks ago. In North China's