DAILY: Thermal coal inquiries emerge after price slumps in N China

Chinese spot thermal coal market saw some improvements on Monday, as previous price slumps have spurred appetite from some bottom-pickers and market prices found some support to rebound, Mysteel Global has learned.

Some buyers started making inquiries for spot cargoes offered at northern Chinese ports in the beginning of this week, possibly because of a wide expectation for a turnaround after the market had dived below the price ceiling the state planner set for medium- and long-term coal contracts, several sources