DAILY: Thermal coal prices rebound slightly at North China ports

Chinese spot thermal coal market at northern transfer ports embraced another mild rebound on June 28 as sentiment shifted with the lowering port stocks and the return of heatwaves across the country.

Traders based at northern ports turned to lift their offers by Yuan 10/tonne ($1.38/t) on Wednesday following three days of downward revisions, reflecting more minor fluctuations in coal prices this summer than in prior summer peak seasons, Mysteel learned from market sources. This favorable turn came mainly as market sentiment