DAILY: China's coking coal supply sees fresh disruptions, yet risks persist

Coking coal prices in some Chinese production hubs ticked higher on August 3, as regional supply faced disruptions from a range of factors. However, pressure on the coking coal market persists, as subdued steel mill output could further weigh on the raw material segment.

On Monday, Mysteel Coking Coal Index (MCCI), which tracks coking coal prices nationwide in China, rose to Yuan 1,689.8/tonne ($250.1/t) including the 13% VAT, higher by Yuan 3.3/t from last Friday. The price rebound, Mysteel learned, was propelled by persistent tightness in coking coal availability, exacerbated by stringent safety inspections,