MONTHLY: Weak demand to weigh on China's coking coal market in March

As domestic demand for metallurgical coal throughout China is expected to lag behind the rapid recovery in supply of the coal this month, weak fundamentals should continue to frustrate the country's coking coal market, according to Mysteel's latest monthly report on the commodity.

Production of coking coal in China has recovered steadily after this year's Chinese New Year holiday officially ended on February 23. According to Mysteel's survey of 523 coking coal mines nationwide, over February 19-25 their average raw coal output had climbed 39.6% on week to 1.52 million tonnes/day. Some mines