DAILY: China's coking coal prices ease on slower sales

China's spot coking coal prices lost ground on January 22, weighed down by slower transactions as buyers moved to the sidelines. However, the market is expected to remain range-bound in the days ahead, with steep price declines unlikely, Mysteel learned.

On Thursday, Mysteel's assessment of the national composite coking coal price fell Yuan 1.4/tonne ($0.2/t) from the previous session to Yuan 1,304.6/t including the 13% VAT, ending a two-week uptrend since January 8. In North China's Shanxi province, four coking coal deals were settled at lower prices yesterday, down Yuan