DAILY: Sentiment downbeat in China's met coal market

The overall sentiment remained downbeat in the Chinese metallurgical coal market on March 17, with little support in sight to reverse the long-standing weakness of the market, Mysteel has found.

On Monday, Mysteel's assessment of the national composite coking coal price came in at Yuan 1,069.9/tonne ($147.9/t) including the 13% VAT, dipping by another Yuan 1.4/t from last Friday. Although the downstream met coke market is anticipated to hold steady temporarily following the materialization of the latest price reductions on