DAILY: China's coking coal prices retreat amid muted trading

China's coking coal prices continued falling back on December 11, given the muted trading activity as the bearish mood still dominated the market. Without clear favorable signs, most participants stayed on the sidelines waiting for more market clarity, sources shared.

The national composite coking coal price under Mysteel's assessment settled at Yuan 1,302.6/tonne ($184.6/t) including the 13% VAT on Thursday, down by a larger Yuan 7.1/t from the day prior. Following Wednesday's moderate increases in buying, coking coal auctions cooled down on Thursday, demonstrating the lingering weakness in downstream demand for