WEEKLY: China's coking coal prices rally after month-long fall

Mysteel's benchmark for China's coking coal market grew steadily over July 31-August 6 after the continuous decline during the previous month. More coal miners held their pricing stances firm during the survey week, encouraged by fresh disruptions to domestic coal supplies, according to Mysteel's latest survey.

On August 6, Mysteel Coking Coal Index (MCCI), which tracks coking coal prices nationwide, stood at Yuan 1,715.3/tonne ($254.2/t) including the 13% VAT, up Yuan 28.8/t from July 30, according to Mysteel's assessment. This marked the index's first on-week rise since late June, as the steel industry's poor performance