DAILY: Bearish sentiment dominating China's thermal coal market

Spot thermal coal prices fell further at northern China transfer ports on December 5, with sellers struggling to hold their prices stable amid ongoing weak demand, said industry sources. The market may remain subdued through the end of the month, they added.

On Thursday, Mysteel assessed the trading prices of 5,500 kcal/kg and 5,000 kcal/kg NAR thermal coal at Yuan 820/tonne ($112.9/t) and Yuan 720/t, on a FOB northern ports basis with VAT, both unchanged from a day ago, while the assessment for 4,500 kcal/kg NAR grade fell by another Yuan/t