DAILY: China's thermal coal market lies dormant during holiday, Indonesian prices higher

China's domestic thermal coal market remained largely inactive during the Chinese New Year holiday over February 15-23, as most upstream and downstream participants stopped trading for festival celebrations. In contrast, Indonesian thermal coal prices continued to trend higher, mainly supported by tight spot availability, market sources said.

In China's major producing regions, thermal coal supply had increased toward the end of the holiday as some mines resumed operations ahead of schedule. Trading activity largely remained sluggish during the holiday, with limited truck arrivals for coal loading. However, Mysteel observed that with holiday nearing a close, a