DAILY: Coke price hikes support China's met coal market sentiment

China's metallurgical coal market sentiment received a boost from coke producers' louder voices for coke price hikes on September 25. Sources suggest that coking coal prices are likely to rise further in the near future if downstream coke market remains resilient.

On Monday, China's national composite coking coal price under Mysteel's assessment increased by Yuan 9.7/tonne ($1.3/t) on day to Yuan 1,887.1/t and including the 13% VAT. Yesterday, some coke firms in North China's Hebei, Shanxi and Inner Mongolia, Central China's Henan and East China's Shandong announced to lift coke selling