DAILY: Bearishness lingers in China's met coal market

The bearish sentiment continued dominating the Chinese metallurgical coal market as of February 18, weighing the national composite coking coal price under Mysteel's assessment lower by another Yuan 5.7/tonne ($0.78/t) on day to sit at Yuan 1,137.3/t including 13% VAT.

Most participants remained pessimistic towards the coking coal market in the coming days, partly as the inventory accumulation of met coke and finished steel at mills and coking plants is sending signals that downstream demand for the feed coal may not stand a chance to improve firmly in the