DAILY: Cold weather may revive China's spot thermal coal market

China's spot thermal coal market stabilized on November 14 after a two-week rebound, as firmer prices dampened buying interest. Yet an imminent cold snap across the country is expected to reignite demand and give fresh momentum to the prices.

On Friday, Mysteel assessed 5,500 kcal/kg, 5,000 kcal/kg, and 4,500 kcal/kg NAR thermal coal at Yuan 830/tonne ($116.8/t), Yuan 737/t, and Yuan 638/t, respectively, FOB northern ports with VAT, all unchanged from Thursday. This marked a pause of persistent price hikes lasting since October 30, with the benchmark 5,500