DAILY: Cold snaps buoy pithead thermal coal prices in China

Thermal coal prices started climbing up in China's major production regions on October 30, as demand for the fuel has increased as recent cold snaps boosted heating needs in the northern region, market sources said.

The intensified cold waves sweeping wide northern areas recently have elevated the heating demand from local households, persuading some heat generators to accelerate coal buying and drop their previous plans of delaying purchases by waiting for cheaper fuel prices, sources explained. In most places of North China, the concentrated heating