WEEKLY: China's thermal coal market stays downbeat

The Chinese thermal coal market remained soft during May 11-15, impacted by sluggish restocking interest from end-users and persistently high inventories of the fossil fuel at the country's northern ports.

Chinese coal-fired power generators – the largest consumers of thermal coal – showed less interest in taking additional tonnages of spot thermal coal cargoes during the past week, considering their currently low consumption of the fuel due to stronger power generation from renewable facilities, Mysteel learned from sources. With demand