DAILY: China's coking coal prices dip further on muted sales

China's spot coking coal prices continued edging lower on February 3, impacted by the muted trading activity as well as the cooling market sentiment in the run-up to the Chinese New Year (CNY) holidays starting mid-February.

On Tuesday, Mysteel's assessment of the national composite coking coal price sat at Yuan 1,284.4/tonne ($185.1/t) including the 13% VAT, down by Yuan 4.2/t from the previous session. Tuesday saw coking coal volumes traded in the auction market tumble by 38% on day to total 228,700 tonnes, and the failure