WEEKLY: China's coking coal buying quickens, prices jump

China's coking coal market performed strongly during August 7-13, as buyers stepped up replenishment of the raw material, Mysteel's latest survey found. Improved selling also boosted domestic coking coal prices, with Mysteel's benchmark for the market hitting an intra-year high.

According to Mysteel's tracking, the combined clearance rate in China's online coking coal auctions over August 7-13 topped 97%, marking the highest weekly level since mid-March. Among the total 1.02 million tonnes of cargoes listed, about 988,680 tonnes were successfully sold, the data showed. With many leading coal companies from