DAILY: China's thermal coal prices hike further on positive sentiment

China's spot thermal coal market continued its strong performance on November 5, since portside traders were firmly raising their offers amid expectations for better winter restocking needs and a short coal supply.

Mysteel's assessments for the 5,500 kcal/kg and 5,000 kcal/kg NAR coal both jumped by Yuan 10/tonne ($1.4/t) from a day prior to reach Yuan 794/t and Yuan 701/t on Wednesday, while that for 4,500 kcal/kg NAR grade also gained Yuan 8/t to Yuan 609/t, all on FOB basis at