Possibly another coking coal price rally on the cards. Will be good to see how this unfolds
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.
China's state media reported on Wednesday that the country would ban coal imports at small ports from July 1, the latest move by the country to curb arrivals of foreign product.
The most-active coking coal futures in early trade touched 1,134.5 yuan ($167.32), up 8 percent and their highest since May 3. Prices were at 1,119.5 yuan a tonne at 0330 GMT.
http://in.reuters.com/article/aisa-ironore-idINL3N1JQ1LS
Possibly another coking coal price rally on the cards. Will be...
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