DAILY: China's coking coal market sees broad price rises, sentiment improves

Many Chinese coking coal miners lifted their prices on August 5, buoyed by improved market sentiment. Market sources noted that miners maintained a firm stance on pricing, pointing to tight supplies and low inventories.

On Wednesday, Mysteel Coking Coal Index (MCCI), which tracks coking coal prices nationwide in China, edged up to Yuan 1,707.1/tonne ($253/t) including the 13% VAT, returning to its month-ago level after a Yuan 12.9/t jump from Tuesday. "Market sentiment has shown signs of a clear improvement, with trading activity picking