DAILY: China's thermal coal prices rebound amid supply concerns

China's spot thermal coal prices started the week with a strong rebound, largely driven by bullish sentiment as concerns mount that intensifying safety inspections across the coal sector could disrupt supply.

On Monday, Mysteel assessed 5,500 kcal/kg, 5,000 kcal/kg, and 4,500 kcal/kg NAR thermal coal at Yuan 840/tonne ($123.8/t), Yuan 753/t, and Yuan 656/t, respectively, all up Yuan 5/t from last Friday and snapping a sideways trend that had held since May 11. Market sentiment improved noticeably, with some buyers returning