DAILY: Chinese met coal buyers sidelined during 'Two Sessions'

The wait-and-see sentiment remained dominant in the Chinese metallurgical coal market as of March 4, with participants awaiting macroeconomic policy support from the country's ongoing Two Sessions concurrent annual meetings of the National Committee of the Chinese People's Political Consultative Conference and the National People's Congress.

On Tuesday, the national composite coking coal price under Mysteel's assessment stabilized slightly, or nudging lower by Yuan 1.7/tonne ($0.2/t) on day to sit at Yuan 1,094.2/t including 13% VAT. In fact, fundamentals of the domestic coking coal market have remained relatively weak so far, with months-long stock buildups of