DAILY: China's coking coal market sees mixed trends as supports fade

China's spot coking coal market showed mixed trends on January 21, as supportive factors tapered off. Domestic coking coal prices are expected to stay rangebound in the near term due to subdued downstream demand, Mysteel predicts.

Mysteel's assessment of the national composite coking coal price gained another Yuan 5/tonne ($0.7/t) from the last session to reach Yuan 1,306/t including the 13% VAT on Wednesday. In North China's Shanxi, 11 coking coal deals were settled at higher prices yesterday, up by Yuan 5-100/t, while 11 others concluded