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WEEKLY: China’s coking coal price at bottom, sales up

China’s coking coal price stopped from declining and was rangebound over July 8-12, as some coke makers increased their coke procurement modestly, betting on the little likelihood of further decreases on merchant coke price, market sources shared on July 15.
On July 12, Mysteel’s composite coking coal price index was essentially unchanged at Yuan 1,221.2/t ($177.5/t) including the 13% VAT, just Yuan 1/t lower on week or hovering at its two-month low after having lost a total of Yuan 20.5/t since mid-June. Amid the signs of stabilizing coking coal and coke prices, “we observed

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