DAILY: China's coking coal prices rangebound, trades thin

China's spot coking coal prices remained rangebound on December 26, with limited momentum in either direction. Lackluster trades for this key steelmaking raw material reflect a pervasive wait-and-see sentiment among downstream buyers, Mysteel learned.

Mysteel's assessment of the national composite coking coal price shed another Yuan 1.5/tonne ($0.2/t) from the last session to sit at Yuan 1,280/t including the 13% VAT on Friday. Across China's major coal-mining hubs, prices for most coking coal products stabilized temporarily following previous adjustments, amid weakness on both supply