WEEKLY: Downtrend continues in China's met coal market

The Chinese metallurgical coal market continued to decline during May 12-16, since both end-users and speculative traders still shunned building their coal stocks amid an unstable downstream steel market.

Last week, the futures prices of major ferrous commodities in China were largely buoyed by the easing of tariff tensions between China and the United States. And the improvement in sentiment also extended to the spot steel market, sources noted. Despite a fallback on Friday, domestic steel prices generally trended