DAILY: China's thermal coal market continues dipping

The Chinese spot thermal coal market remained in a marked imbalance on February 14, with production levels remaining stable but demand struggling to keep pace, resulting in a further price decline.

On Friday, Mysteel assessed 5,500 kcal/kg NAR thermal coal at Yuan 750/tonne ($103.4/t), 5,000 kcal/kg NAR at Yuan 655/t, FOB northern transshipment ports with VAT, both falling by Yuan 5/t from a day earlier, while 4,500 kcal/kg NAR assessment held steady at Yuan 580/t. Notably, the assessment of benchmark 5,500