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DAILY: China's thermal coal market holds steady with upward bias

Source: Mysteel Mar 19, 2026 10:40
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Thermal Coal Price
China's thermal coal market at northern transfer ports stabilized on March 18, snapping the two-week decline. Sources reported emerging demand from coastal power plants as they turned away from costlier seaborne shipments, and price upticks in producing regions also lent firmer cost-side support.
On Wednesday. Mysteel assessed 5,500 kcal/kg NAR thermal coal at Yuan 733/tonne ($106.6/t) FOB northern ports with VAT, flat from a day earlier, so were 5,000 kcal/kg and 4,500 kcal/kg NAR grades, reaching Yuan 649/t and Yuan 559/t, respectively.     Though typically relying on seaborne cargoes, some power plants in

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