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DAILY: Rainy weather seen weighing on China's thermal coal demand

Source: Mysteel May 15, 2026 11:25
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Thermal Coal Price
China's spot thermal coal market remained largely stable on May 14, with prices moving sideways for a third consecutive session as weak buying interest continued to cap market momentum.
Coastal utilities largely stayed away from the spot market, prioritizing long-term contract cargoes instead. At the same time, forecasts for persistent rainfall across South China through the rest of the month are expected to suppress power consumption and weaken near-term coal demand, market sources said.   On Thursday, Mysteel assessed 5,500

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