DAILY: Sluggish sales weigh on Chinese met coal prices

The persistent sluggish demand from end-users kept adding downward pressure on Chinese metallurgical coal prices as of February 28, with the national composite coking coal price under Mysteel's assessment lower by another Yuan 2.3/tonne ($0.3/t) on day to sit at Yuan 1,101.6/t including 13% VAT.

On Friday, some coking coal varieties in North China's Shanxi province were settled lower by Yuan 14-54/t. For example, the price of some washed meager-lean coal in Changzhi city fell Yuan 30/t on day to Yuan 1,000/t, EXW basis with VAT, Mysteel's survey indicated. The prime reason for the ongoing