DAILY: China's mixed coking coal prices hint at buyers' caution

China's coking coal prices remained in a mixed trend on December 23, implying buyers' selective procurements as well as the absence of massive restocking motivation. Sources noted that the domestic coking coal market is gradually winding its way upward, but it will take some time for more supportive signs to emerge.

Mysteel's assessment for the national composite coking coal price lost another Yuan 3.6/tonne ($0.5/t) from the last session to Yuan 1,285/t including the 13% VAT on Tuesday. Spot coking coal prices remained divergent yesterday. In North China's Shanxi province, for example, five coking coal deals were heard concluded higher by