DAILY: Chinese coking coal prices edge up on improved trade

Following improved market trading this week, more coking coal grades posted moderate price increases on October 13 across China's major coal-producing regions. However, the market outlook remains uncertain, as market participants point to lingering pressure from sluggish downstream sectors.

On Tuesday, Mysteel Coking Coal Index (MCCI), which tracks coking coal prices across China, stood at Yuan 2,025.6/tonne ($302.6/t), including 13% VAT, up Yuan 5.2/t from the previous day. This was the index's first increase after a month-long steady decline since early September, mainly driven by improved trading this