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DAILY: China's thermal coal stabilizes as market nears a weak balance

Source: Mysteel Jan 26, 2026 10:40
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Thermal Coal Price
China's spot thermal coal market stabilized on January 23, snapping a week-long decline, as both supply and demand showed signs of softening ahead of the Chinese New Year holiday, sources said.
On Friday, Mysteel assessed 5,500 kcal/kg, 5,000 kcal/kg and 4,500 kcal/kg NAR thermal coal at Yuan 693/tonne ($99.6/t), Yuan 606/t and Yuan 515/t, respectively, FOB northern ports with VAT, all unchanged from a day earlier. This ended a continuous slide since January 15, clipping a total Yuan 11/t for

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