DAILY: Selling pressure deepens China's thermal coal price slides

China's thermal coal prices at norther transshipment ports posted a sharper fall on December 4, as sellers were actively dumping cargoes at low prices to clear inventories. The elevated port inventories, weak demand, falling prices at producing hubs, and cheaper import prices all intensified their anxiety.

On Thursday, Mysteel assessed 5,500 kcal/kg NAR grade at Yuan 803/tonne ($113.6/t), FOB northern ports with VAT, down Yuan 6/t from a day earlier. The 5,000 kcal/kg NAR grade also fell Yuan 6/t to Yuan 703/t, while the 4,500 kcal/kg NAR grade posted a Yuan 8/t fall to Yuan