DAILY: China's coking coal prices continue dipping, caution grows

Downward pressure persisted in China's coking coal market on May 19. While some miners still held firm on offers, many market participants have grown more cautious about further downside risk, sources noted.

On Tuesday, Mysteel assessed China's national composite coking coal price at Yuan 1,366.8/tonne ($200.7/t) including the 13% VAT, dipping by another Yuan 1/t from the previous session. Spot prices followed the recent downturn in the futures market, sources said. The most-traded September coking coal contract on the Dalian Commodity Exchange