DAILY: China's thermal coal rises on cold snap outlook, higher costs

Spot thermal coal prices at northern China's transshipment ports extended their rebound on January 9, supported by rising pithead coal prices and forecasts of colder weather. These factors are expected to continue underpinning the market in the near term.

On January 9, Mysteel assessed 5,500 kcal/kg NAR coal at Yuan 702/tonne ($100.6/t), FOB northern ports with VAT, up Yuan 2/t on day. Lower-calorific value (CV) grades continued to outperform, with 5,000 kcal/kg and 4,500 kcal/kg NAR coal each rising Yuan 3/t to Yuan 614/t and Yuan 521/t, respectively. On