WEEKLY: China's thermal coal prices softer amid weak demand

The downturn of China's domestic thermal coal prices persisted at both ports and mines over the week of November 25-29, with this situation probably to last through early December, sources noted.

Thermal coal prices at northern China ports continued moving lower over the week, despite being at a slower pace. As of November 29, Mysteel assessed 5,500 kcal/kg, 5,000 kcal/kg, and 4,500 kcal/kg NAR grades at Yuan 825/tonne ($113.9/t), Yuan 725/t, and Yuan 635/t, respectively, on a FOB northern ports