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Chinese coking coal set for best week in six on supply fears after mine accident

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Chinese coking coal prices were volatile on Friday but are still set for their best weekly gain in six weeks. Beijing's push to secure energy supply during peak summer demand only partly offset supply fears after mine suspensions following a deadly accident. The article points to a tighter short-term coal market, but the overall tone remains mixed and largely price-driven.

Analysis

Chinese coking coal prices were volatile on Friday but are still set for their best weekly gain in six weeks. Beijing's push to secure energy supply during peak summer demand only partly offset supply fears after mine suspensions following a deadly accident. The article points to a tighter short-term coal market, but the overall tone remains mixed and largely price-driven.

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