Tag: 5500 NAR
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China’s thermal coal prices remain stable despite record high power demand
China’s thermal coal prices remained range-bound although the persistent heatwave sent power demand soaring in the east and south as more contracted coal supplies have weakened utilities’ spot buying. On July 13, offers for 5,000 Kcal/kg NAR thermal coal still hovered around 1,100 yuan/t FOB with VAT at northern transfer ports, while the benchmark 5,500…