DAILY: China's pithead thermal coal loses steam, curbing portside rally

Thermal coal prices in China's major producing regions stalled on November 10 after six sessions of gains as buyers retreated and stopped chasing offers. Still, heating demand for lump coal and stringent safety checks kept mines from lowering quotes, leaving prices in a narrow mixed range, sources said.

Price trends in Shaanxi and Inner Mongolia diverged. In Yulin, Northwest China's Shaanxi province, buyer haulage slowly from last week. Price cuts clustered in the Shenmu county and in mid- and low-grade coal, signaling pressure on mines that had raised prices the most, Mysteel Global learned. Local online auctions saw