DAILY: China's coking coal market flags amid gloomy outlook

China's coking coal market continued flagging on June 1, when miners generally cut down offers as the gloomy market outlook will likely further curb buyers' demand for the feed coal.

The national composite coking coal price under Mysteel's assessment slid by another Yuan 0.6/tonne ($0.1/t) on day to Yuan 1,380.3/t on June 1, including the 13% VAT. In Changzhi city of North China's Shanxi province, the trading price of low-sulfur raw lean coal declined by Yuan 66/t to Yuan 837/t,