China thermal coal futures rebounded on Wednesday after falling for 10 days on an expected jump in fuel demand to meet heating needs amid forecasts for plunging temperatures. China’s National Meteorological Center is predicting snowfall in the north and cold winds in the next two days that are expected to cause temperatures over the weekend to plummet in the northwest, southwest and most central and eastern regions. The most-traded China thermal coal futures for January delivery closed up 8.86% at 978 yuan ($152.85) per tonne at 0700 GMT, rebounding after the contract nosedived over 50% off the record of 1,982 yuan hit on Oct. 19 after the government enacted a raft of measures to cool prices. read more Prices year-to-date are […]