DAILY: China's coking coal prices stable, trades limited

China's spot coking coal market remained in a festive lull as of February 9, with participants halting their activities in preparation for the upcoming Chinese New Year holiday over February 15-23, which begins in less than a week. Market stability is expected to persist throughout the nine-day holiday, Mysteel predicts.

On February 9, Mysteel's assessment of the national composite coking coal price settled at Yuan 1,280.8/tonne ($185/t) including the 13% VAT, standing still for two consecutive sessions. In North China's Shanxi, the country's largest coal-producing province, eight coking coal deals were heard concluded at lower prices yesterday, down by Yuan