DAILY: China's thermal coal prices steady as sentiment diverges

China's thermal coal prices held largely steady on November 21, with coal trading still in a phase of stagnation due to participants' divergent sentiment. Traders remained unwilling to cut prices due to elevated procurement costs, while downstream buyers continued to show caution, sources said.

Mysteel's assessment showed that 5,500 kcal/kg, 5,000 kcal/kg, and 4,500 kcal/kg NAR thermal coal at northern ports were priced at Yuan 830/tonne ($116.8/t), Yuan 737/t, and Yuan 638/t, respectively, on November 21, FOB with VAT, unchanged since November 13. Most traders were reluctant to lower their offers, citing the firm