DAILY: China's coking coal plateaus, optimism remains

After weeks of rallies, China's coking coal market reached a plateau on October 12, a substitute workday after China's National Day holiday, reflecting a growing caution in the market, Mysteel Global noted.

A two-day fall in domestic steel prices last week slightly reinforced the wait-and-see sentiment among participants, which persuaded coal miners to hold their prices for the time being, wary of possible retreats in coal purchases, sources shared. As such, only six miners in North China's Shanxi province raised their prices