DAILY: China's spot coking coal market stays downward

China's spot coking coal prices extended the downward trend on November 19, with market fundamentals remaining weak and new coke price cuts on Monday passing the pressure back to the feed coal, industry sources shared.

On Tuesday, the national composite coking coal price under Mysteel's assessment came in at Yuan 1,410.7/tonne ($194.8/t) with VAT, down by another Yuan 3.8/t on day. For comparison, the average price during November 1-19 was Yuan 1,454.3/t. Such a trend was evidently reflected in online auctions across key coking coal-producing