DAILY: China's thermal coal loses steam as sellers accelerate selling

Price gains in China's thermal coal market nearly ground to a halt on June 3, as sellers grew increasingly eager to offload cargoes while buyers stayed firmly on the sidelines, prolonging a persistent trading deadlock.

While portside offers remained broadly unchanged, sentiment has started to shift. A growing number of traders looked to offload inventory and lock in profits, marking a notable departure from the bullish hoarding mentality that prevailed in late May, sources said. On Wednesday, Mysteel assessed 5,500 kcal/kg NAR thermal coal at