DAILY: China's portside thermal coal firms further amid mine price hikes

China's thermal coal market at northern transfer ports sustained the uptrend on March 24, as a new round of price hikes at mining sites pushed the portside cost higher, sources noted.

On Tuesday, Mysteel assessed 5,500 kcal/kg NAR thermal coal at Yuan 749/tonne ($108.7/t) FOB with VAT, up by Yuan 6/t from a day earlier, taking the weeklong rises to total Yuan 16/t. The 5,000 kcal/kg and 4,500 kcal/kg NAR grades saw a Yuan 7/t rise each, reaching Yuan 668/t