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WEEKLY: China's thermal coal prices soar as summer restocking continues

Source: Mysteel May 09, 2026 15:55
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Thermal Coal Price
China's spot thermal coal prices extended their sharp upward trend during the holiday-shortened week of May 6-9, as coastal utilities continued active restocking for the upcoming summer peak demand season amid expectations of stronger power consumption under a developing El Nino pattern.
As of May 8, Mysteel assessed the benchmark 5,500 kcal/kg NAR thermal coal at Yuan 829/tonne ($114.7/t) FOB northern ports with VAT, up Yuan 23/t from April 30, the last trading day before the May 1-5 Labour Day holiday. The gain accounted for nearly half of April's total increase

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