DAILY: Trading activity wanes in China's thermal coal market

The Chinese domestic thermal coal market showed signs of fatigue after days of strong gains, as weakening demand began to weigh on prices. In major producing regions, price adjustments remained mixed, but the number of mines cutting prices has outpaced those hiking prices.

In Ordos, North China's Inner Mongolia, softened demand pushed local traders and washeries to slow or halt procurements from mines while accelerating sales with lower offering prices, sources noted. Coal mines reported their spot sales soured with truck queues waiting for loading showing signs of declining. Their utility clients, however,