MYSTEEL: China's coking coal prices seen firm in H2 on tight supply

Following the strong trend witnessed in China's coking coal prices during this year's January-June half, the protracted supply tightness is expected to shore up the market during the current July-December period, with further increases in coal prices also in prospect, Mysteel's half-yearly report on the commodity shows.

Incident-driven surges: China's coking coal price trend in H1 On June 30, Mysteel Coking Coal index (MCCI), which tracks coking coal prices nationwide in China, stood at Yuan 1,712.3/tonne ($252.1/t) including the 13% VAT, surging 35% from the level recorded on December 31 last year of Yuan 1,267.4/t with VAT. The