DAILY: China's thermal coal prices edge higher despite poor liquidity

Chinese domestic thermal coal prices continued to increase on February 10, as the tighter availability emboldened traders to adopt a firm pricing stance, although trading liquidity remained in a seasonal lull.

On Tuesday, Mysteel assessed 5,500 kcal/kg NAR thermal coal at Yuan 705/tonne ($101.7/t) FOB northern ports with VAT, up Yuan 2/t from a day ago. Prices for 5,000 kcal/kg and 4,500 kcal/kg NAR grades each rose Yuan 4/t to Yuan 623/t and Yuan 536/t, respectively. Coal inventories at the eight