DAILY: China's thermal coal miners lift offers on reduced supply

More Chinese miners were seen lifting their offering prices for thermal coal on January 29, as the increasing number of mines entering holiday mode ahead of the Chinese New Year (CNY) holidays has apparently reduced coal availability in the market, which improved market sentiment accordingly.

Mysteel learned that many Chinese private coal mines have already suspended operations before the CNY holidays that officially begin on February 10, causing a clear decrease in thermal coal supply at main mining hubs, particularly in North China's Inner Mongolia and Northwest China's Shaanxi. The declining trend of mines' production