DAILY: China's coking coal market weakens further on low demand

China's coking coal market continued losing ground on June 2 as buyers returned to cautious buying after moderate restocking and speculative activities also diminished due to market uncertainties.

The national composite coking coal price under Mysteel's assessment slid another Yuan 10/tonne ($1.4/t) on day to Yuan 1,370.3/t including the 13% VAT as of Friday. Chinese coke and steelmakers were less interested in building stocks of feed coal, as the latest Yuan 50-100/t drop in coke prices and the