DAILY: China's met coal prices rangebound, outlook bright

China's metallurgical coal prices largely moved sideways on September 24 following rallies a day earlier. Yet the outlook for the near-term market brightened after a series of stimulus measures were introduced by the country's central bank to boost economic growth, Mysteel found.

On Tuesday, the national composite coking coal price under Mysteel's assessment came in at Yuan 1,432.6/tonne ($203.7/t) including the 13% VAT, rising by a small Yuan 1.1/t on day. In North China's Shanxi province, price rises for coking coal cargoes narrowed to Yuan 5-30/t yesterday, as compared to rallies of