DAILY: China's coking coal softens amid sluggish trades

Sluggish trading activity dragged China's coking coal prices lower again on November 14, with the national composite coking coal price under Mysteel's assessment shedding Yuan 1/tonne ($0.14/t) on day to sit at Yuan 1,406.1/t including 13% VAT. The mild price pullback, the second decline in the past week, reflects ongoing market adjustments after previous gains.

Market sources shared that trading activity for spot coking coal remained subdued last Friday, extending weak performance throughout the week. This underscored a shift of sentiment to a cautious tone due to shrinking demand from downstream coking coal users. The root cause of this change was the accumulation of some