DAILY: Traders cut thermal coal offers at China's northern ports

Some traders started lowering their offering prices for spot thermal coal offered at China's northern ports on February 22, in response to the persistently slow liquidity of the commodity at ports affected by both closures of many ports amid strong winds as well as weak demand from downstream users.

Sources revealed that end-users' relatively slow steps in lifting their operations after the Chinese New Year holiday ended on February 18, impacted by an uncertain market outlook post-holiday, have led to pileups of their coal stocks and kept a lid on their demand for the fuel. At present, domestic power