MONTHLY: China's thermal coal market to fluctuate within narrow range in April

China's thermal coal market is expected to remain rangebound in April, as bearish and bullish factors continue to offset each other, capping price movements in either direction, Mysteel predicted in its latest monthly report.

On the bearish side, the seasonal weakness is set to persist. With temperatures rising across most regions of China, residential electricity consumption is entering a lull, leading to lower coal burn at power plants. Utilities are also maintaining comfortable inventory levels and show limited urgency to restock. Meanwhile, relatively high