DAILY: China's thermal coal falls further, bearish sentiment eases

China's thermal coal prices at northern ports fell for a fourth consecutive session on October 29, as previous price cuts failed to stimulate buying. However, bearish sentiment eased slightly as price declines at major producing hubs began to slow.

On October 29, Mysteel assessed 5,500 kcal/kg NAR thermal coal at Yuan 1,020/tonne ($153.1/t) FOB northern ports, including VAT, down Yuan 5/t from the previous day and Yuan 15/t from October 26. The 5,000 kcal/kg NAR grade also fell by Yuan 5/t to Yuan 918/t, while the 4,500 kcal/kg