DAILY: Sentiment in China's coking coal market stays cool

Trading sentiment in China's spot coking coal market remained cool on December 29, reflecting ongoing weakness in procuring interest among end-users. There are no signs of potential market stabilization in the days ahead with a lessening of supportive factors.

Mysteel's assessment of the national composite coking coal price shed another Yuan 2.8/tonne ($0.4/t) from the last session to sit at Yuan 1,277.2/t including the 13% VAT on Monday. Specifically, in North China's Shanxi province, nine coking coal trades were concluded lower by Yuan 1-99/t, while only three deals saw