DAILY: China's thermal coal prices drift lower despite emerging inquiries

Despite some fresh inquiries, China's spot thermal coal market saw another thinly traded session on December 11, as most end-buyers continued to sit on the sidelines amid pessimistic sentiment, further weighing down the fuel prices.

On Thursday, Mysteel assessed the benchmark 5,500 kcal/kg NAR thermal coal at Yuan 764/tonne ($108/t), FOB northern ports with VAT, down Yuan 6/t from the previous day. The 5,000 kcal/kg and 4,500 kcal/kg NAR grades both fell by Yuan 7/t on day to Yuan 662/t and Yuan 563/t, respectively. While