After two weeks of decline, limited portside stocks again lifted thermal coal prices in China as domestic 5500 kcal/kg NAR coal prices are at RMB 826/t ($128) on the Zhengzhou Commodity Exchange, up RMB 13/t w-o-w. The Daqin railway line accident led to a rapid decline in Qinhuangdao port stocks. The government’s plan to prepone the maintenance work of the railway line might cause coal supply constraints.
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