MYSTEEL: China's coking coal supply may rise marginally in '23

The supply of coking coal in China is likely to show a slight increase in 2023 compared with last year, while demand for coal among coke manufacturers and steelmakers may weaken further, according to Mysteel's annual forecast for the commodity.

Domestic coking coal production is expected to rise this year as some new mining projects are earmarked for commissioning, though the increment in output will not be significant, the report observed. For 2023, the country's coking coal output is likely to total 508.6 million tonnes, up by a small 6