DAILY: China's coking coal market rangebound amid reduced activities

China's spot coking coal market stabilized further on February 6, with fewer suppliers revising offers amid the thinning transactions. The market is likely to quieten down this week as it leads into the Chinese New Year holiday.

On February 6, Mysteel's assessment of the national composite coking coal price settled at Yuan 1,280.8/tonne ($184.6/t) including the 13% VAT, unchanged from the previous session. Mysteel's survey results showed that in North China's Shanxi province, only three coking coal deals were traded at lower prices last Friday, dipping by