China coking coal futures soar as import limit report stirs supply fears

June 29, 2017

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China’s coking coal futures soared 8 percent on Thursday and were on track for their biggest one-day jump in seven months, boosted by a report the world’s top consumer plans to ban imports into small ports, stirring worries about tightening supply.

The most-active coking coal futures in early trade touched 1 134.5 yuan ($167.32), up 8% and their highest since May 3. Prices were at 1 119.5 yuan a tonne at 0330 GMT.

Category: General