DAILY: China's coking coal futures rally, spot market falters

China's coking coal futures rebounded on June 29 amid news of further supply disruptions. In contrast, spot prices declined again, as persistently lackluster steel performance continued to curb end-users' appetite for raw materials.

On Monday, the most-traded coking coal contract for September delivery on the Dalian Commodity Exchange closed the daytime trading session at Yuan 1,294.5/tonne ($190.6/t), up 4.2% from last Friday's settlement price. This marked the contract's largest daily growth since June 4, after consecutive retreats in futures prices over the past