Weakness in China’s thermal coal prices raise alarm bells; Implicates met coal

摘要

Singapore—The recent sharp decline seen in Chinese domestic thermal coal, caused by the price competition of imported coal amid oversupply, have raised alarm bells within the Chinese government agencies as domestic thermal coal prices have moved into the “red zone”, potentially signaling an intervention in the form of stricter port policies, market sources said. Stricter port policies have also directly affected the Chinese metallurgical coal buyers’ ability to pick up more spot cargoes, sending prices on a downward spiral.