WEEKLY: China's thermal coal holds steady amid rosy demand outlook

China's thermal coal market remained largely stable last week (October 27-31), with prices fluctuating within a narrow band as the market balanced weak demand against emerging signs of seasonal restocking.

Last week, according to Mysteel's assessment, the benchmark 5,500 kcal/kg NAR thermal coal dipped from Yuan 768/tonne ($107.9/t) on Monday to Yuan 766/t on Tuesday. After staying at this level in the following two days, it rebounded to Yuan 769/t on Friday. At northern ports, bullish sentiment largely persisted through