DAILY: China's coking coal price cuts deepen on slack demand

China's coking coal prices were on deeper declines on January 4, as miners at major producing hubs provided larger discounts for their cargoes to improve sluggish sales, according to market sources.

The national composite coking coal price under Mysteel's assessment slid another Yuan 9.3/tonne ($1.3/t) on day to Yuan 2,117.8 /t including the 13% VAT as of Thursday. In main coal mining hubs of North China's Shanxi province, prices of low-sulfur primary coking coal dropped by another Yuan 30-186/t yesterday, fat