Tag: China thermal coal prices
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China’s portside thermal coal prices plunge on bearish outlook
Spot thermal coal prices floundered again at northern China ports, as traders looked past temperature drops and cautioned tepid demand to close out 2022. The government’s efforts to guarantee effective supply throughout the winter heating period also fuelled bearish sentiment in the spot market. Following a 10 yuan/t fall a day earlier, offers of 5,500…