WEEKLY: Chinese thermal coal prices lose steam as seasonal demand wanes

Chinese domestic thermal coal market closed last week (August 25-29) on a bearish note, as demand diminished seasonally despite lingering supply constraints.

On Friday, Mysteel assessed 5,500 kcal/kg NAR thermal coal at RMB 695 per tonne (USD 97.5 per tonne) FOB northern ports with VAT, down RMB 7 per tonne from the previous week. Prices for 5,000 kcal/kg and 4,500 kcal/kg NAR grades also slipped RMB 18 per tonne and RMB 22 per tonne to RMB 615 per tonne and RMB 540 per tonne, respectively.
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