DAILY: China's coking coal market remains under pressure, expectations diverge

Downward pressure persisted in China's coking coal market on September 15, with price cuts recorded in the country's major coal producing hubs. Meanwhile, divergence in market expectations between bullish and bearish players were widening, with both sides citing contrasting market signals.

On Tuesday, Mysteel Coking Coal Index (MCCI), which tracks coking coal prices nationwide in China, stood at Yuan 2,265.8/tonne ($337.6/t) including the 13% VAT, down Yuan 4.6/t from the previous session. Coking coal prices among China's major producing regions continued to drop yesterday. In North China's Shanxi province, Mysteel recorded