DAILY: China's coking coal futures surge amid signals of tighter supply

China's coking coal derivative market rallied sharply on August 11, with supply-side fears compounded by the prospect of Mongolian export disruptions due to fuel shortages, as well as Beijing's newly tightened criteria for approving new coal capacity.

The most-traded September coking coal futures on the Dalian Commodity Exchange closed Tuesday's daytime session at Yuan 1,343.5/tonne ($199.1/t), surging 5.4% from Monday's settlement level – the sharpest daily gain since early June. Analysts highlighted mounting concerns over Mongolia's future coking coal exports to China, fueled by domestic diesel shortages