08 JANUARY 2026Mysteel
WEEKLY: China thermal coal finds a floor, but recovery looks fragile
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4 min read
As of January 4, a makeup workday in China for the New Year's Day holiday, Mysteel assessed the benchmark 5,500 kcal per kg NAR thermal coal at RMB 690 per tonne (USD 98.8 per tonne) FOB northern ports with VAT, up by RMB 3 per tonne from a week earlier.
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The market started recovering on December 30, when downstream buyers moved to seek spot cargoes at northern ports, anticipating cold weather systems to boost residential heating demand in early January across many places in the country, as Mysteel Global reported.
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