DAILY: China's coking coal market extends downtrend

China's coking coal prices remained under pressure amid tepid trading on March 5. Market participants expect this stalemate to persist with no clear supportive signals on the horizon.

On Thursday, Mysteel assessed China's national composite coking coal price at Yuan 1,237.5/tonne ($179.4/t) including the 13% VAT, down Yuan 3.3/t from the previous session. In North China's Shanxi province, two miners lifted prices for certain coking coal products, with that for raw fat coal (inherent ash 7%, sulfur 4.1%,