DAILY: China's thermal coal prices gain ground amid growing demand

China's spot thermal coal market saw a notable uptick on June 24, backed by steady buying interest from traders who were rushing to deliver their outstanding contracts, sources reported.

On June 24, Mysteel assessed the mid-calorific value (CV) 5,000 kcal/kg NAR thermal coal Yuan 4/tonne ($0.6/t) higher than the prior day at Yuan 543/t, FOB northern transfer ports with VAT, and low-CV 4,500 kcal/kg NAR at Yuan 478/t, up Yuan 3/t on day. The high-CV 5,500 kcal/kg NAR