DAILY: China's coking coal tends to fluctuate ahead of holiday

China's spot coking coal market remained under pressure on February 2 when downstream coal buying ahead of the Chinese New Year (CNY) holiday basically came to an end. The pre-holiday market is expected to fluctuate in a small range, as tighter availability will offset downside pressures.

On Monday, Mysteel's assessment of the national composite coking coal price sat at Yuan 1,288.6/tonne ($185.6/t) including the 13% VAT, shedding another Yuan 2.7/t from the previous session. In North China's Shanxi province, 11 coking coal deals were settled at lower prices, shedding Yuan 10-132/t from the last session, while