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Thermal Coal Price in China Rises 6.7% to USD 138.99/tonne

Thermal coal in China reached a 52-week high of USD 138.99/tonne as rainfall, inspections and falling port inventories tightened supply.

Published 2026-09-07 · market: China

Thermal coal in China was quoted at USD 138.99/tonne on 2026-09-04, up 6.7% from USD 130.27/tonne on 2026-08-28. The monthly gain stands at 10.2%, from USD 126.15/tonne on 2026-08-05, and the price has risen 35.7% over the year from USD 102.41/tonne on 2025-09-04. The quote is also the 52-week high, against a low of USD 99.67/tonne recorded on 2026-01-05.

According to Mysteel, heavy rainfall suspended most opencast mines and reduced underground capacity in Inner Mongolia on 2026-08-28. Claight market monitoring shows strict safety inspections and mandatory mine maintenance restricted pithead coal supply at month-end.

Claight market monitoring shows daily shipments via the Daqin Railway dropped below 800,000 tonnes amid high replacement costs, and coal inventories at nine major northern ports fell by 11 percent from recent highs.

On the demand side, Mysteel reported on 2026-09-04 that non-power industry demand from metallurgy and chemical sectors provided a price floor at production sites.

Thermal CoalChinaThermal Coal priceThermal Coal price in Chinacommodity pricesSeptember 2026

Prices are Claight's own series for Thermal Coal in China, 274 observations to 2026-09-04. Every figure in this report is computed from that series; percentage moves compare the same quoted market with itself. Causes were researched against public sources. Changes and averages are Claight Analysis.