DAILY: Positive signs emerge in China's coking coal market

China's coking coal market captured some positive signs on December 3, offering hope for a broad market rebound in the future. However, downward price corrections are unlikely to pause immediately due to continued caution from buyers.

The national composite coking coal price under Mysteel's assessment shed another Yuan 9/tonne ($1.3/t) from the previous session to sit at Yuan 1,327.6/t including the 13% VAT on Wednesday. The trading deadlock showed signs of easing in parts of North China's Shanxi province yesterday. Previous intensive consumption of the feed