DAILY: China's coking coal prices edge up, market weakness remains

China's coking coal market continued improving slowly on December 19, supported by emerging buying interest from some downstream coal users. However, the pace of the market recovery was still curbed by weak supply-demand fundamentals and insufficient confidence among market participants, Mysteel learned.

The national composite coking coal price under Mysteel's assessment edged up Yuan 0.5/tonne ($0.07/t) from the last session to Yuan 1,291.1/t including the 13% VAT on Friday, snapping the downtrend that had persisted for over a month. Specifically, in North China's Shanxi province, three coking coal trades were clinched higher