DAILY: China's thermal coal prices fall as stockpiles build

China's spot thermal coal prices headed lower on February 13, as demand recovery continued to lag behind supply increase, resulting in a continued buildup of stockpiles at northern ports.

On February 13, Mysteel assessed 5,500 kcal/kg NAR coal at Yuan 755/tonne ($103.7/t), 5,000 kcal/kg NAR coal at Yuan 660/t, FOB northern ports with VAT, each falling by Yuan 5/t from a day earlier, while 4,500 kcal/kg NAR grade was assessed unchanged at Yuan 580/t. The decline follows an earlier