MYSTEEL: China's chemical coal prices stay steady

Prices in China's chemical coal market stabilized during the week of October 28-Novembe 1, with chemical factories only making essential purchases as output of urea and other terminal products had dipped for seasonal reasons, Mysteel said in its latest report on the commodity.

Urea production primarily relies on coal as a feedstock through the process of coal gasification. While various types of coal can be used for this, bituminous coal is the most common choice due to its favorable properties for gasification. Bituminous coal can also serve as thermal coal for power