MYSTEEL: Rally in China's thermal coal market to reverse?

China's domestic thermal coal market is losing upward momentum and may enter a correction next week, as the pace of winter restocking is falling short of expectations while supply is rapidly recovering, Mysteel Global observes.

The clearest sign of weakening sentiment comes from producing regions, where price cuts among miners have far outnumbered increases. Buyers are holding back, forcing producers to lower prices to maintain sales. At online auctions in Shaanxi on November 11-12, at least nine state-owned mines closed with prices down by