Prospects for Chinese domestic thermal coal price revival dim

摘要

Prospects of a hoped-for revival in domesticmarket prices grew dimmer in Asia trade Tuesday, withindications that giant Chinese thermal coal producerShenhua was unlikely to reverse its aggressive pricediscountingstrategy in April, said traders.Chinese domestic coal prices had appeared to stabilize inthe past two weeks, partly on an expectation that Shenhuawould soon reverse its price cuts, after domestic prices hadrolled steadily downhill since January.