DAILY: Typhoon Dolphin set to weigh on China's thermal coal rally

Spot thermal coal prices at China's northern transfer ports rose for a seventh straight session on August 10, but this upward momentum could ease as Typhoon Dolphin is expected to bring cooler weather and curb coal demand. While port closures and shipping delays may temporarily tighten supply, the demand-side impact is likely to outweigh any storm-induced disruptions.

On Monday, Mysteel assessed 5,500 kcal/kg NAR thermal coal at northern ports at Yuan 854/tonne ($126.0/t) FOB with VAT, up Yuan 5/t from last Friday. The 5,000 kcal/kg NAR grade rose Yuan 5/t to Yuan 764/t, and the 4,500 kcal/kg NAR grade gained Yuan 6/t to Yuan 678/t. At