DAILY: China's coking coal market still under pressure

China's coking coal market continued to face downward pressure on December 10, as coal liquidity remained slow due to the prevailing bearish sentiment among buyers and the current market support was insufficient to trigger immediate price stabilization.

The national composite coking coal price under Mysteel's assessment settled at Yuan 1,309.7/tonne ($185.3/t) including the 13% VAT on Wednesday, down by a larger Yuan 4.2/t from the day prior. In North China's Shanxi province, China's top coal-mining hub, 22 coking coal deals were settled lower by Yuan 2-130/t, widening