DAILY: China's coking coal market remains tepid during National Day holiday

Trading in China's coking coal market remained sluggish during the National Day holiday (October 1-7), as many participants stayed cautious amid weak downstream demand and bearish market expectations, according to market sources.

Before the seven-day holiday, coking coal prices in China had posted continuous declines, as the lackluster steel market had curbed buyers' interest in the steelmaking raw material, as reported. By September 30, Mysteel Coking Coal Index (MCCI), which tracks coking coal prices nationwide in China, had dropped to Yuan