China domestic thermal coal prices stabilize with downward bias

摘要

China's coal prices have stabilized over the past two weeks with a downward bias as the market continues to be relatively oversupplied, according to industry sources.Market prices of quality Shanxi coal with a calorific value of 5,800-6,000 kcal/kg currently stand at Yuan 590-600/mt ($86.3-87.7/mt) on a free carrier basis including 17% VAT at Qinhuangdao Port, similar to prices in Mid-February, according to price monitors at the port.