DAILY: China's portside high-CV thermal coal regains favor

China's high-calorific value thermal coal regained some favor at northern transfer ports on July 13, raising hopes that this could fuel bullish sentiment again and elevate thermal coal market in the short run.

Mysteel learned from sources that portside inquiries for the 5,500 kcal/kg NAR thermal coal was more active on Thursday, along with a slight increase of demand from some end-users amid the rising power loads at power utilities. Some deals of the 5,500 kcal/kg NAR coal were concluded at Yuan 850-855/tonne