WEEKLY: China's thermal coal prices fall faster on weak fundamentals

China's thermal coal market weakened further last week (March 9-13) as domestic demand stayed sluggish amid the ongoing off-peak consumption season, while a steady recovery in supply widened the market's oversupply conditions. Compared with the previous week, coal price declines accelerated notably.

As of March 13, Mysteel assessed 5,500 kcal/kg NAR thermal coal lower by Yuan 10/tonne ($1.44/t) on week to Yuan 736/t, quickening from a Yuan 5/t drop in the previous week. The sharper fall reflected the combined effects of recovering supply and weakening seasonal demand. On the supply side, production