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DAILY: China's thermal coal extends rally amid faster port destocking

Source: Mysteel Aug 05, 2026 11:15
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Thermal Coal Price
Thermal coal prices at China's northern ports rose for a third straight session on August 4, as portside destocking deepened signaling a tightening supply-demand balance. Price hikes by a top mining group also bolstered market sentiment.
On Tuesday, Mysteel assessed 5,500 kcal/kg NAR thermal coal at northern ports at Yuan 834/tonne ($123.0/t) FOB with VAT, up Yuan 5/t from Monday. The 5,000 kcal/kg NAR grade also rose Yuan 5/t to Yuan 744/t, and the 4,500 kcal/kg NAR grade gained Yuan 6/t to Yuan 654/t. At

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