WEEKLY: China's coking coal fundamentals weaken as sales slow

China's coking coal market fundamentals showed signs of weakening during the past week, as mine production accelerated while buyer activity slowed. This has dented market confidence, although most participants don't expect steep price falls in the short run.

According to Mysteel's weekly survey, washed coal inventories held by the 523 Chinese coking coal mines - with the equivalent volume converted from their existing raw coal stocks also included – edged up by 1.3% on week to total 5.55 million tonnes by January 21, hitting a six-month high. The