WEEKLY: China's met coal market falls deeper into correction

The downturn in China's metallurgical coal market showed signs of accelerating during December 16-20, as coal transactions cooled further amid soured market sentiment, according to industry sources.

The national composite coking coal price under Mysteel's assessment moved lower by Yuan 15.4/tonne ($2.1/t) on week to Yuan 1,343.9/t including the 13% VAT by December 20. By the same day, the price of Anze primary coking coal (ash<9.5%, VM<20%, sulfur<0.5%, GRI>85, Y>15mm, Mt<10%, CSR>68%) assessed by Mysteel lost another