DAILY: China's coking coal prices continue to rise, outlook strong

Prices for diverse coking coal types in China continued to rise on August 20, while marking trading also extended the robust performance seen much of the month. The outlook for the coking coal market remains strong, with additional support from potential rises in metallurgical coke prices in the near term.

On Thursday, Mysteel' Coking Coal Index (MCCI), which tracks coking coal prices nationwide in China, stood at Yuan 1,888/tonne ($280.8/t) including the 13% VAT, up Yuan 33.2/t from the previous session. Posting further promising results, yesterday extended the bullish trend seen throughout August so far in China's coking coal market.