MYSTEEL: China thermal coal tightly balanced in H1 and may extend into H2

Source: Mysteel Jul 07, 2026 20:30

A supply-led squeeze defined China's thermal coal market in the first half of 2026, pushing price levels higher than the same period a year ago, Mysteel observes in its semi-annual report on the commodity.

The market supply tightness was mainly driven by two major factors, namely Indonesian mining quota constraints and China's domestic mine-safety crackdown which pulled more tonnes off the market than soft demand could offset. Price floors sit above 2025 levels and are likely to hold into the second half, the

Price Curve

Daily Prices

Thermal coal prices (Q5500) : China's major cities

Sep 04, 2026 17:48
Thermal coal prices (Q5500) : China's major cities

Sep 04, 2026 17:48
Domestic thermal coal portside prices: Guangzhou port

Sep 04, 2026 17:47
Thermal coal portside prices: Qinhuangdao port

Sep 04, 2026 17:34
Thermal coal portside prices: Tianjin port

Sep 04, 2026 17:31

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