MONTHLY: Pressure on China's coking coal mart to persist in Nov

After the price declines witnessed in September and October, China's coking coal market is expected to remain under pressure in November, according to Mysteel's latest report on the commodity. The report cites the likelihood of a further recovery in coal supplies when coal demand is seen staying dull.

After recording an on-month drop of Yuan 27.6/tonne ($4.2/t) in September, Mysteel Coking Coal Index, which tracks coking coal prices nationwide in China, marked another decline on October 30 to settle at Yuan 2,009.3/t including the 13% VAT, lower by Yuan 126/t from the end of September, according to