MONTHLY: China's met coal to stabilize in Dec on seasonal buys

China's market for metallurgical coal should stabilize in December after the recent falls, as domestic end-users could lift their purchases this month, Mysteel's latest report on the commodity suggests.

Domestic steel and coke producers may ramp up coking coal procurement this month to store sufficient materials for winter when coal availability is sometimes disturbed by snows or by mines suspending production early for the Chinese New Year holiday, the report notes. Although steel mills and coke makers have delayed