DAILY: China's coking coal market activity slows, prices soften

Trading activity in China's spot coking coal market slowed further on January 23, impacted by a growing bearish sentiment among market participants. Coking coal prices continued drifting lower amid a stalemate in coal selling, although inventory build-ups at mines haven't exerted significant downside pressure, Mysteel learned.

On Friday, Mysteel's assessment of the national composite coking coal price stood unchanged from the previous day at Yuan 1,304.6/tonne ($187.3/t) including the 13% VAT. In North China's Shanxi province, four coking coal deals were concluded at lower prices on Friday, down by Yuan 10-49/t on day, while only one