DAILY: China's coking coal prices move lower amid ample supply

China's coking coal prices continued to drop on April 7. Market sources noted that while many coking plants and steelmakers remained cautious about replenishing coal, ample supplies had softened coal miners' pricing power.

On Tuesday, Mysteel assessed China's national composite coking coal price down for the third straight session to Yuan 1,334/t ($195.2/t) including the 13% VAT, dropping another Yuan 4.2/t from last Friday. No data was published on Monday due to China's Qingming Festival holiday, Mysteel Global notes. According to Mysteel's latest