DAILY: China's spot coking coal prices hold firm, yet outlook softens

While China's spot coking coal prices continued to grow on June 18, market players' near-term expectations softened following new progress in mine restart in the country's top coal-mining province.

Mysteel Coking Coal Index (MCCI), tracking coking coal prices nationwide in China, climbed another Yuan 15/tonne ($2.2/t) from the previous session to reach Yuan 1,709.3/t including the 13% VAT last Thursday, the last working day before China's three-day Dragon Boat holiday from June 19. Despite the stronger spot market, expectations