DAILY: China's coking coal demand remains sluggish, prices flat

China's spot coking coal demand remained lackluster as of February 25, which continued constraining liquidity of the feed material. Domestic coking coal prices, however, have not experienced significant downside pressure as miners' coking coal stockpiles stayed at moderate levels despite slow trades, Mysteel learned from market sources.

Independent coke plants and steel mills were mostly consuming their existing coal stocks, presenting limited interest in spot coal buys. For instance, coking coal inventories at the 247 Chinses blast-furnace steel mills under Mysteel's survey reached 8.2 million tonnes by February 19, 1.9% higher than the corresponding lunar period,