DAILY: China's thermal coal prices gain on better demand

China's spot thermal coal market at northern ports has generally gained a total of Yuan 45/t ($6.3/t) so far this week, as the brisk trading sentiment alongside some emerging demand has lifted market confidence slightly.

DAILY: Thermal coal trades remain slow at North China ports

As of Tuesday, trading activity for spot thermal coal remained slow at several main transfer ports in North China's Bohai Bay, despite less pessimistic market sentiment, Mysteel Global notes.

DAILY: Thermal coal inquiries emerge after price slumps in N China

Chinese spot thermal coal market saw some improvements on Monday, as previous price slumps have spurred appetite from some bottom-pickers and market prices found some support to rebound, Mysteel Global has learned.

DAILY: China's thermal coal liquidity improves, fundamental still weak

China's spot thermal coal market saw trading liquidity slightly increase last Friday, as some traders undercut competitors to boost deals as the widening losses bit.

DAILY: China's thermal coal market still lacks strength

China's spot thermal coal market still lacked strength to stabilize from recent declines as of Thursday, given the trading stalemate amid buyers' thick wait-and-watch mood.

DAILY: Thermal coal miners seek improvement by deeper price cuts

Chinese thermal coal miners were seeking some improvement in sales by deepening their price cuts on May 31. This move reflected a vicious cycle amid the market downturn and a prevailing gloomy outlook among market participants.

Surging temperatures in South, East China may quicken coal burns

Temperatures in the southern and eastern regions of China have been rapidly rising since late May, leading to expectations of increased coal burns at power utilities and providing some support for thermal coal prices.

DAILY: Cheaper import cargoes to cap China's thermal coal prices

For a tender floated by a power utility in South China on May 30, some coal traders have reduced their bids to Yuan 795/tonne ($112/t) CFR for imported 5,500 kcal/kg NAR coal scheduled for July-August delivery, Mysteel learned from market sources.

MYSTEEL: Why is China's thermal coal market rangebound?

So far this year, China's spot market for thermal coal has seen prices decline markedly from the corresponding period in 2022, despite relatively good results reflected in power consumption amid the country's efforts to recover economic growth to pre-COVID levels.

DAILY: Bearishness further snuffs out thermal coal demand in China

The gloomy expectation has had a snowball effect with the overall softening in domestic mine-mouth and spot thermal coal markets as well as import market lately, which further snuffed out buyers' tendency to replenish the fuel as they saw no bottom price in sight, Mysteel Global has learned.