DAILY: China's thermal coal prices gain on better demand

China's spot thermal coal market at northern ports has generally gained a total of Yuan 45/t ($6.3/t) so far this week, as the brisk trading sentiment alongside some emerging demand has lifted market confidence slightly.

On June 7, offer prices for spot coal cargoes moved up by another Yuan 20/t, marking the third consecutive day of gains, Mysteel has learned from market sources. The rise was mainly supported by demand from a small number of power plants eager to replenish coal stocks as the recent