Dalian coking coal futures rose on Tuesday to their highest level in more than two months as market participants welcomed the new year feeling optimistic about demand prospects for the steelmaking input in top steel producer China.
The most-traded May coking coal contract on China’s Dalian Commodity Exchange surged as much as 7.2 percent to 2,370.50 yuan a ton on the first trading day of the 2022, its strongest since Oct. 28.
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