DAILY: China's thermal coal rally stalls as buying wanes

China's thermal coal price rally was seen losing steam on January 14, as traders ceased pushing prices higher in response to the softening downstream demand amid milder weather across many parts of the country, market sources said.

On Wednesday, Mysteel's assessment of the benchmark 5,500 kcal/kg NAR coal stood still on day at Yuan 706/t ($101.3/t), ending a nine-session uptrend since end-December last year. By contrast, prices of 5,000 kcal/kg and 4,500 kcal/kg NAR grades still edged up Yuan 1/t and Yuan 2/t, respectively, to sit