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DAILY: China's thermal coal extends rally on thin port stocks

Source: Mysteel Oct 19, 2026 11:55
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Thermal Coal Price
China's thermal coal prices at northern ports rose for an eighth straight session on October 16, though the gain stayed small and the advance leaned on a shrinking port stock buffer rather than on demand.
Last Friday, Mysteel assessed the benchmark 5,500 kcal/kg NAR thermal coal at Yuan 1,026/tonne ($153.4/t) FOB northern ports with VAT, up Yuan 5/t on day, and the figure stood Yuan 41/t above the Yuan 985/t assessed on October 8, the first session after the National Day holiday. The 5,000

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