DAILY: Chinese met coal market shows mixed trend

The Chinese metallurgical coal market showed a mixed trend on March 19, with prices of some coal grades picking up, while many other varieties continued losing steam, Mysteel has found.

On Wednesday, Mysteel's assessment of the national composite coking coal price settled at Yuan 1,067/tonne ($147.6/t) including the 13% VAT, lower by another Yuan 2.8/t from a day earlier. The weekly coal auction launched yesterday by Shanxi Coking Coal Group, China's largest coking coal producer based in Shanxi, North China,