DAILY: China coking coal market soft as coke price cut looms

China's coking coal market kept softening on Wednesday due to lukewarm sales, and trading activity is likely to further cool down given the looming 10th round of coke price cut.

Some steel mills in North China's Hebei and Tianjin as well as East China's Shandong province launched the 10th bout of price cut on coke purchase prices on May 31, which was expected to be joined by more mills and weigh the domestic coke market down further, several sources