MYSTEEL: China's coking coal futures plunge amid supply recovery expectations

China's coking coal futures recorded their steepest single-session drop in more than two months on Monday, as the market focus shifted from concerns over an immediate supply shortage to expectations of accelerating supply recovery.

On the Dalian Commodity Exchange, the most-traded coking coal contract for next January delivery closed the daytime trading at Yuan 1,403/tonne ($209.8/t) on Monday, plunging by 5.6% from the prior day's settlement price, according to the bourse's trading data. The price also marked the main contract's lowest record since