Bloomberg reported that thermal coal from China’s Qinhuangdao port should drop due to oversupply.

As quoted in the market news:

The decline will also occur as China’s 2012 coal production growth of 6.6 percent outpaces demand increases of 5 percent, the note shows. This continues in 2013 as consumption changes slow to a gain of 4.2 percent amid an output expansion of 6.1 percent.

Click here to read the full Bloomberg report.