Coking Coal Drops for a Fifth Session in China on Oversupply

Chinese coking coal futures extended declines on signs importers are taking more supplies from overseas just as the market heads into a seasonal period of weaker demand.

Futures of the fuel used in steelmaking fell as much as 2.4% in Dalian on Monday, dropping for a fifth straight session. They’ve lost around 15% so far in November, and are on track for the worst month since May.