DAILY: China's met coal market still lacks strength

The Chinese metallurgical coal market extended its weak run on November 29, mainly dragged by measured replenishment of the feed coal from downstream users as well as a rising supply glut of the commodity in the domestic market, Mysteel has learned.

The national composite coking coal price under Mysteel's assessment lost another Yuan 2.6/tonne ($0.36/t) on day to Yuan 1,385.5/t and including the 13% VAT on Friday. While some coke firms in Northwest China have ramped up coking coal procurement, demand from most steelmakers, coke plants and coal traders across the