MONTHLY: China's coking coal market to lose steam in Oct

China's coking coal market is expected to stabilize first but lose steam later in October, mainly weighed down by the struggling downstream steel and coke sectors, while policy uncertainty is also a key variable shaping the market trend, according to Mysteel's new report of the commodity.

A tight supply-demand balance will continue to support the coking coal market early this month, with stock accumulation at mines still controllable given mines' recent fulfillment of existing pre-sale orders and their cautious approach in lifting operations, the report says. Despite signs of rising coking coal stockpiles across the country