Coal news and updates

China coking coal, coke futures plunge on fears of regulatory controls

Chinese coking coal and coke futures tumbled more than 6% on Tuesday, falling for a third straight session on concerns over more government controls to stabilise prices and ensure supplies.

In the first ten days of September, coking coal and coke prices surged 19% and 11.6%, respectively, compared with the last ten days in August, data from the National Bureau of Statistics showed.

"(Investors) should be cautiously trading given uncertainty of policy in the future," analysts with SinoSteel Futures wrote in a note.

"Recently affected by environmental inspections, energy consumption controls and crude steel production cuts, both supply and demand of coke fell."