DAILY: China's coking coal prices extend uptrend

China's coking coal prices extended the upward trend last Friday, as restocking demand from end-users remained firm less than a week ahead of China's National Day holiday, according to market sources.

On September 22, China's national composite coking coal price under Mysteel's assessment increased by another Yuan 18.5/tonne ($2.6/t) to Yuan 1,877.4/t and including the 13% VAT. The continuous rise in coking coal prices was mainly fuelled by robust restocking demand from downstream steelmakers, as they generally tried to replenish more