MONTHLY: China's coking coal market awaits possible supply recovery in Oct

Participants in China's coking coal market are waiting for the recovery in domestic coking coal supply this month in the wake of calls by the central government for local governments to accelerate coal mine restarts, Mysteel's latest report on the raw material notes. The extent to which Beijing's demands are heeded will largely determine market trends this month, the report observes.

Since September 9, Mysteel's benchmark price for China's coking coal market – Mysteel Coking Coal Index (MCCI) – had been softening under pressure from a sluggish steel market, as reported. The pace of the slide accelerated in the second half of last month after three major supervisors of China's coal