MONTHLY: Safety scrutiny to balance China's coking coal market in Nov

China's coking coal market is expected to maintain relatively balanced fundamentals in November, with mine-side inspections for capacity and safety reasons to keep coking coal in tight supply, while downstream demand for the feed coal also faces risks of shrinking modestly, Mysteel's latest monthly report of the commodity predicts.

On the supply side, governmental scrutiny over coal mine overproduction issues – production beyond mines' licensed capacities – is likely to remain stringent in the remainder of this year, extending the tough checks since July to tame supply surplus and the resultant low-price competition in the coal industry, the