DAILY: China's coking coal market fluctuates, sales slow again

China's coking coal prices fluctuated within narrow ranges on December 5 due to varying buying needs among downstream users. Market sources noted that the lingering caution still limited transaction volumes for spot coal cargoes, fueling uncertainties for the near-term market.

The national composite coking coal price under Mysteel's assessment settled at Yuan 1,321.7/tonne ($186.9/t) including the 13% VAT on Friday, registering a smaller daily drop of Yuan 1.5/t than Thursday's Yuan 4.4/t fall. In North China's Shanxi province, six coal deals were concluded lower by Yuan 40-250/t compared with the