WEEKLY: China's met coal market dips, outlook bleak

The Chinese metallurgical coal market continued to soften during February 10-14, in tandem with soured sentiment as more negative signals were released from downstream coke and steel markets.

As of February 14, the national composite coking coal price under Mysteel's assessment stood at Yuan 1,155.3/tonne ($159.2/t) including the 13% VAT, down by Yuan 36/t from a week earlier. Coal trading activity still lacked vitality in the past week, with domestic coke and steel mills generally consuming their existing