DAILY: China's thermal coal prices fall further as buying stalls

China's portside thermal coal market extended the downward trend on November 26, as the sluggish buying drove sellers to further trim offers. Expectations for price support from winter heating demand have gradually faded under these conditions.

On Wednesday, Mysteel assessed 5,500 kcal/kg NAR thermal coal at Yuan 826/tonne ($116.7/t) FOB northern ports with VAT, down Yuan 2/t from a day earlier. The assessment for 5,000 kcal/kg NAR coal saw a sharper daily drop of Yuan 4/t to Yuan 727/t, while that for the 4,500 kcal/kg