DAILY: China's met coal prices firming as trades improve

Metallurgical coal prices in the Chinese market showed more signs of firming up as of December 2, gaining momentum from the quickened liquidity of the commodity as more winter restocking needs and speculative buys have emerged, according to industry sources.

The national composite coking coal price under Mysteel's assessment came in at Yuan 1,384/tonne ($190.3/t) including the 13% VAT on Monday, down by a smaller Yuan 1.5/t from last Friday. The price has touched a new low since mid-June last year. Chinese coke plants and steelmakers are quickening their winter