DAILY: China's pithead thermal coal rises on firm demand and thin supply

Thermal coal prices across China's northern producing hubs rose further on October 12, driven by continued restocking from both power and non-power end-users and the idling of several pits, although trading activity at transfer ports remained tepid.

Mysteel's survey of 150 thermal coal mines across China's main producing regions on October 12 found none cutting prices, while 30 others raised, 80 held flat and 40 were idle. Inner Mongolia accounted for most of the upward momentum and most of the suspensions, with 20 of 94 mines