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DAILY: Participants sidelined in China's met coal market

Source: Mysteel Jul 03, 2023 12:15
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Coking Coal Price
China's metallurgical coal market witnessed intense wait-and-see sentiment on Friday, which dented coal liquidity and raised uncertainties in the market.
Market insiders attributed the cooled sentiment to an over-one-week shelving of coke producers' proposal for the first round of coke price hike, which is increasingly implying coke makers' weaker say in pricing the steelmaking feedstock as steel mills may face risks of lower profits alongside fluctuations of steel prices

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