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WEEKLY: China's met coal trades stagnant as bearishness prevails

Source: Mysteel Dec 30, 2024 15:10
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Coking Coal Price Production Supply
The metallurgical coal transactions in the Chinese market stagnated over December 23-27, as the bearish mood prevailed among participants due to negative signals from downstream coke and steel markets.
The national composite coking coal price under Mysteel's assessment moved lower by Yuan 44.1/tonne ($6.04/t) on week to Yuan 1,299.8/t including the 13% VAT by December 27.     In the past week, the domestic steel market still lacked sufficient strength to rebound, which prompted more mills to conduct maintenance stoppages and

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