DAILY: China's coking coal market awaits clearer signals, MCCI growth slows

China's coking coal market leveled off on October 15, with Mysteel's benchmark price gains moderating after a rapid climb. Spot trading remained active, but market participants stayed cautious amid ongoing downstream headwinds.

On Thursday, Mysteel Coking Coal Index (MCCI), which tracks coking coal prices nationwide in China, stood at Yuan 2,037.7/tonne ($304.4/t) including the 13% VAT, up Yuan 3.4/t from Wednesday. The daily gain moderated following a Yuan 8.7/t rise on Wednesday and a Yuan 5.2/t increase on Tuesday. Online coking coal auctions