Xiangning coking coal auctions settle lower

Coking coal sales were pressured by bad buying appetite. On Dec 25, mainstream miner in Xiangning of Shanxi started an auction for 15-Kt low-S lean coal (S 0.6%, A 10.7%, GRI 73) at 1,310 yuan/t, down 50 yuan/t from last session, yet all aborted. Another deal for cargoes (S 0.4%, A 10%, GRI 65) traded at 1,160 yuan/t for 12 Kt after starting from 1,160 yuan/t.

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