Thermal coal prices keep rising in Yulin

Thermal coal prices extended gains in Shaanxi's Yulin. Online auctions by major miners saw notable WoW gains, and some smaller miners lifted offers by 5-10 yuan/t. However, stagnant portside prices dampened market sentiment. Downstream buyers shunned high-priced cargoes, combined with muted end-user demand, capping truck arrivals at mines. Moderate spot sales and no significant demand improvements would drag down prices further.

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