DAILY: Mine-port price divergence deepens in China's thermal coal market

China's portside thermal coal market moved sideways for the fourth consecutive session on June 11 amid persistently thin liquidity, while prices at mining hubs pushed higher on tightening supply. The growing divergence between the two ends of the market left participants questioning which side would set the direction.

On Thursday, Mysteel assessed 5,500 kcal/kg NAR thermal coal at northern ports at Yuan 861/tonne ($127.2/t) FOB with VAT, unchanged since Monday. The 5,000 kcal/kg NAR grade held at Yuan 772/t and 4,500 kcal/kg NAR at Yuan 675/t, both flat on day. At northern ports, the standoff showed no signs