DAILY: China's coking coal market falls further

China's coking coal market continued downward corrections on November 1 due to lackluster sales. Downstream buyers put off their coking coal restocking to monitor market changes with the upcoming legislative meeting to be held this week, Mysteel Global observed.

Mysteel's assessment of the national composite coking coal price came in at Yuan 1,498/tonne ($210/t) including the 13% VAT on Friday, marking a larger drop of Yuan 9.5/t from a day earlier. The uncertainty over additional stimulus measures from the meeting called by China's top legislature over November 4-8 has