DAILY: China's pithead thermal coal prices stall amid policy uncertainty

China's pithead thermal coal prices were rangebound on September 15, as policy uncertainty, driven by a dual focus on boosting supply and continuing the over-capacity crackdown, clouded the near-term outlook, sources said.

At the pithead, prices diverged as some coal grades drew fresh buying after repeated price cuts, though the overall sales stayed weak. In Yulin, Northwest China's Shaanxi province, end-users restarted buying high-calorific-value coal that had been discounted for weeks, steadying quotes at some mines and lifting them by Yuan