DAILY: China's portside thermal coal prices fall as cost support weakens

China's thermal coal prices at northern transfer ports fell across all grades on October 27 as lower costs weakened support for sellers' offers, while a rapid drawdown in port inventories has so far done little to stem the decline.

Mysteel assessed 5,500 kcal/kg NAR thermal coal at Yuan 1,031/tonne ($154.6/t) FOB northern ports with VAT on Tuesday, down Yuan 4/t from the last session, while the 5,000 kcal/kg and 4,500 kcal/kg NAR grades each fell Yuan 4 to Yuan 929/t and Yuan 828/t, respectively. Assessments for 5,500 kcal/kg