DAILY: China's coking coal market continues moving lower

Prices for multiple Chinese coking coal types saw further pullbacks on April 1. While the corrections are set to persist in the coming days, market participants expect firm metallurgical coke market to tame price declines of coking coal.

On Wednesday, Mysteel assessed China's national composite coking coal price at Yuan 1,345.3/tonne ($195.5/t) including the 13% VAT, up Yuan 1.2/t from the previous session. The uptick, however, was mainly driven by delayed price rises in East and Central China, rather than a meaningful lift in market conditions, Mysteel Global