DAILY: China's coking coal price decline deepens on soured outlook

Prices of Chinese major coking coal types registered deeper declines on March 3, as an imminent price reduction on domestic metallurgical coke is expected to further curb coal demand, worsening sentiment among market players, sources reported.

On Tuesday, Mysteel assessed the national composite coking coal price at Yuan 1,246.7/tonne ($180.7/t), down another Yuan 4/t from the previous session and marking the lowest level since late September last year. In North China's Shanxi, the country's largest coal producing province, 14 miners reported price drops of Yuan 2-130/t