DAILY: China's thermal coal rebound accelerates as power demand soars

China's thermal coal recovery gathered pace on July 14, as national power demand hit a fresh all-time high, underpinning bullish market sentiment.

On Tuesday, Mysteel assessed 5,500 kcal/kg NAR thermal coal at northern ports at Yuan 806/tonne ($119/t) FOB with VAT, up Yuan 2/t from Monday. The 5,000 kcal/kg NAR grade rose Yuan 4/t to Yuan 715/t, while the 4,500 kcal/kg NAR grade gained Yuan 5/t to Yuan 622/t. At ports