DAILY: Thermal coal price drops deepen in China's main mining areas

The declines in thermal coal prices in China's main coal mining regions have gathered pace on Monday in response to cooled buying activities among traders and some end-users amid a worsening outlook for the near-term market.

Mysteel's daily survey among the 108 thermal coal mines it tracks nationwide demonstrated that 21.3% of the mines lowered their coal offers by an average of Yuan 31/tonne ($4.2/t) on September 25, widening from 2.6% of mines with a milder average price cut of Yuan 18/t a day ago. The