WEEKLY: China's thermal coal market softens on bloated inventories

Source: Mysteel Dec 01, 2025 16:45

China's spot thermal coal market began softening over the past week (November 24-28), against previous expectations for a rebound after being steady for a week, as rising inventories at utilities and ports weighed on buying interest.

As of November 28, Mysteel's assessment for the benchmark 5,500 kcal/kg thermal coal at China's northern ports reached Yuan 821/tonne ($116.8/t), down Yuan 9/t from a week ago. The 5,000 kcal/kg and 4,500 kcal/kg NAR grades reached Yuan 721/t and Yuan 625/t, down Yuan 16/t and Yuan 13/t, respectively.

Price Curve

Daily Prices

Thermal coal prices (Q5500) : China's major cities

Sep 22, 2026 17:42
Thermal coal prices (Q5500) : China's major cities

Sep 22, 2026 17:41
Domestic thermal coal portside prices: Guangzhou port

Sep 22, 2026 17:39
Thermal coal portside prices: Qinhuangdao port

Sep 22, 2026 17:31
Thermal coal portside prices: Tianjin port

Sep 22, 2026 17:30

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