WEEKLY: China's coking coal prices rise further, yet concerns grow

China's coking coal prices continued to increase during Mysteel's survey week to September 3, as the low production levels being observed by miners are keeping coal availability tight. Despite the still bullish price trend though, some industry insiders are becoming cautious about market conditions should steel mill margins not improve, the findings of Mysteel's latest survey suggest.

By September 3, Mysteel Coking Coal Index (MCCI), which tracks coking coal prices nationwide in China, had climbed by another Yuan 156/tonne ($23.2/t) on week to reach Yuan 2,253.8/t including the 13% VAT, rising for a fifth consecutive week, according to Mysteel's assessment. "The limited coking coal stocks available in