For the first time in almost 12 months, the price of thermal coal in China has posted its first weekly gain, hitting US$87.06 a tonne.
Prices have risen as a result of a pick up in demand as well as re-stocking by power utilities for the incoming winter season.
It hasn't been an easy time for king coal as prices are coming off four year lows and the recovery is tepid and not likely to be dramatic as cheap imports have stifled big gains.
However, China's power consumption in September rose 10.4 percent from year ago to reach 444.8 billion kilowatt hours (kWh), the National Energy Administration said this week.
Also assisting the rise, China's coal output fell 2.3% in August from a year ago to 300 million tonnes, as lower prices prompted some miners to cut production.
Average coal stocks at the six major Chinese power plants have fallen to 19.7 days worth of consumption as of October 11, down 1.58 days from the preceding week, according to the China Coal Association.
SMR Price at posting:
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