DAILY: China's spot coking coal market stays weak, prices sag

China's spot coking coal market extended its weak performance on December 8, with prices of some coal grades revising down amid buyers' thick wait-and-see sentiment. Sources expect these pressures to persist in the near-term market, Mysteel learned.

The national composite coking coal price under Mysteel's assessment settled at Yuan 1,317.1/tonne ($186.2/t) including the 13% VAT on Monday, lower by another Yuan 4.6/t from the previous session. Mysteel's survey found that ten coking coal deals in North China's Shanxi province were concluded lower by Yuan 10-51/t on Monday,