DAILY: China's coking coal market fluctuates amid higher caution

China's coking coal market continued fluctuating on November 11, with Mysteel's assessment of the national composite coking coal price edging up by Yuan 2.6/tonne ($0.4/t) on day to sit at Yuan 1,399.2/t including 13% VAT, resuming its upward trajectory after the prior day's Yuan 0.3/t dip.

Heightened market caution kept checking spot coking coal trades yesterday. Sources disclosed that coke and steel producers only maintained small-scale purchases of the feed coal to replenish existing inventories, while traders also reduced their coking coal buying, wary of potential market risks. Domestic steelmakers' widened losses on steel sales have