China’s Coal Market in Tentative Recovery as Temperatures Soar

The Chinese coal market has begun its seasonal rebound with a tentative increase in prices as the summer heat arrives in earnest.

Thermal coal had been in near-continuous decline since the autumn, with the benchmark price plumbing a four-year low of 610 yuan ($85) a ton earlier this month. By Wednesday, it had inched up to 619 yuan, according to the China Coal Transportation and Distribution Association (CCTD).