China's spot seaborne coking coal soars amid futures rebound

Spot seaborne coking coal prices at Chinese ports have firmed following a surge in domestic coking coal futures late last week, which sparked fresh bullish sentiment, with upward momentum expected to persist in the near term.

On October 10, a make-up workday for China's National Day holiday that ended on October 7, Mysteel's assessment of the price of spot Australian Blackwater 1/3 coking coal (A≤8.5%, V≤28.3%, S≤0.45%, G≥82, Y≤15mm, MT≤11%) at Caofeidian port, North China's Hebei province, rose by a further Yuan 80/tonne ($12/t) to