DAILY: China's coking coal prices slip again after brief recovery

After a short-lived rebound over the prior two days, the Mysteel Coking Coal Index (MCCI) -- a benchmark for China's coking coal prices -- fell again on July 15, with trading activity slowing notably from the earlier sessions.

On Wednesday, the MCCI was assessed at Yuan 1,695/tonne ($250.4/t) VAT inclusive, down Yuan 4.4/t on the day, following marginal gains in the prior two sessions. The index's renewed decline followed price cuts of Yuan 2–50/t recorded for 11 coking coal grades in North China's Shanxi province, including primary coking