DAILY: China's coking coal mines in holiday stoppages, prices flat

The majority of Chinese coking coal mines have conducted holiday stoppages as of February 12, causing a significant contraction in coal availability. The inactive market regarding both supply and demand has kept coal prices largely flat for the time being, Mysteel observed.

On February 12, Mysteel's assessment of the national composite coking coal price settled at Yuan 1,272.1/tonne ($184.3/t) including the 13% VAT, down by a smaller Yuan 1.2/t from the previous session. Sources reported that a clear production decline was seen with most privately-owned coal mines entering the holiday mode, and