DAILY: Fresh buying nudges up spot thermal coal prices in China

Spot thermal coal prices at China's northern ports edged higher on October 31, ending a three-day lull, as renewed buying interest lifted market sentiment and colder weather pointed to rising coal consumption ahead.

On Friday, Mysteel assessed 5,500 kcal/kg NAcR thermal coal at Yuan 769/tonne ($108.1/t) FOB northern ports with VAT, up Yuan 3/t from a day earlier. The 5,000 kcal/kg and 4,500 kcal/kg NAR grades each increased Yuan 1/t to Yuan 677/t and Yuan 587/t, respectively. This marked the first uptick