WEEKLY: China's coking coal prices continue to surge on tight supplies

Mysteel's benchmark price for China's coking coal market continued steadily firming during the survey week to August 27. While production among domestic miners remained limited, lower supplies of imported coal from Mongolia further tightened coking coal availability in China, contributing to the market's bullishness, Mysteel's latest survey found.

On August 27, the Mysteel Coking Coal Index (MCCI), which tracks coking coal prices nationwide in China, stood at Yuan 2,097.8/tonne ($312.2/t) including the 13% VAT, jumping Yuan 209.8/t from August 20, according to Mysteel's assessment. "Sentiment has stayed bullish among domestic coking coal miners recently. As stringent mine inspections