DAILY: China's coking coal prices climb higher as support remains

China's coking coal prices continued their upward trend on June 16, underpinned by tight market fundamentals and a constructive metallurgical coke outlook even as market expectations showed signs of divergence in recent sessions.

On Tuesday, Mysteel Coking coal Index (MCCI), which tracks coking coal prices nationwide in China, jumped Yuan 20.1/tonne ($3/t) on day to reach Yuan 1,650/t including the 13% VAT. While the daily gain in MCCI slowed to Yuan 3.6/t on Monday amid growing downside concerns among some participants, yesterday's stronger