DAILY: China coking coal market falters amid weak demand

China's coking coal market remained weak on November 21, primarily due to sluggish demand from domestic coke plants and steelmakers, as their profitability continued to deteriorate this week.

On Thursday, China's national composite coking coal price under Mysteel's assessment declined by a tiny Yuan 0.4/tonne ($0.06/t) on day to Yuan 1,403/t and including the 13% VAT. In key producing regions of Shanxi province in North China, trading prices for some coking coal varieties dropped further by Yuan 4-183/t