CEC: Steam coal prices at North China ports to hold for now

Spot prices of thermal coal at northern China's key transshipment ports are expected to remain broadly stable for the near term, as strong supply dynamics will offset seasonal rises in power demand, according to the latest weekly update of the China Electricity Council (CEC).

Driven by scorching weather, China's output of coal-fired power has steadily increased since early June, the state-backed association said, citing a 6.3% on-year rise in daily average power generation among its surveyed coal-burning utilities during the week of June 20-26. This aligns with a steady rise in daily coal consumption