DAILY: China's coking coal prices reverse up on improved outlook

China's metallurgical coal market showed signs of improvement on January 18 and was expected to gain more upward steam in the near term. This positive trend was mainly supported by a slight rebound in downstream demand and tightness in coal supply, according to market sources.

Chinese coking coal miners became firmer in giving steady or even higher offering prices for some coking coal sources that were superior in quality or undersupplied in the market on Thursday, leading to a general Yuan 50/tonne ($7.1/t) price rebound in some cargoes, Mysteel learned. For example, the low-sulfur primary