China's coking coal market stayed robust on Tuesday, with some coal grades moving higher amid strengthening downstream coke market. Yet some signs of demand weakness appeared yesterday, which have caused a mild retreat in participants' sentiment for coking coal market, sources warned.
On Tuesday, China's national composite coking coal price under Mysteel's assessment increased by Yuan 34/tonne ($4.6/t) on day to Yuan 1,921.1/t and including the 13% VAT.
The continued uptrend in prices of some coking coal grades can be partly attributed to China's firming metallurgical coke market, as some steel mills
To read the full article take a free 7-day trial to Mysteel Global