WEEKLY: Month-long climb ends for Chinese coking coal prices

Mysteel's benchmark price for China's coking coal market dropped over September 11-17 after its steady rise since the end of July, as tepid buying interest forced sellers to make concessions, Mysteel's latest survey found.

On September 17, Mysteel Coking Coal Index (MCCI), which tracks coking coal prices nationwide in China, stood at Yuan 2,254.9/tonne ($336.7/t) including the 13% VAT, lower by Yuan 22.6/t from the previous week, according to Mysteel's assessment. Before the on-week decline, MCCI had posted steady growth for nearly two months,