WEEKLY: China's thermal coal breaks Yuan 1,000/t on winter restocking demand

Source: Mysteel Oct 19, 2026 10:50

China's thermal coal market posted strong gains for the week of October 12-16, with prices extending their rally as pre-winter restocking demand gained traction against stubborn supply constraints in producing regions.

Despite expectations of a holiday-induced lull, thermal coal prices remained resilient with benchmark 5,500 kcal/kg NAR price at roughly Yuan 983/tonne ($146.9/t) through mid-to-late September. This firmness was underpinned by persistently thin port stocks and slower-than-anticipated mine restarts. Despite a clear recovery in output, supply conditions remained tight over the

Price Curve

Daily Prices

Thermal coal portside prices: Tianjin port

Oct 19, 2026 17:33
Thermal coal portside prices: Qinhuangdao port

Oct 19, 2026 17:33
Domestic thermal coal portside prices: Guangzhou port

Oct 19, 2026 17:31
Thermal coal portside prices: Jingtang port

Oct 19, 2026 17:29
Thermal coal prices (Q5500) : China's major cities

Oct 19, 2026 17:29

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