Coking coal prices rallied on enhanced sentiment

Bullish sentiment is strengthening across the market, with downstream buyers actively replenishing stocks. This boosted sales and supported further price increases. In Shanxi's Luliang, a coal producer raised lean coal prices by another 10 yuan/t, following a cumulative 30 yuan/t increase yesterday. High-S lean coal (S 2.6%, A 8.5%, GRI 65) is now sold at 910 yuan/t, while mid-S lean coal (S 1.3%, A 8.5%, GRI 70) was offered at 1,200 yuan/t, both on ex-washplant with VAT basis.

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