DAILY: China's spot thermal coal further rises on firm fundamentals

China's thermal coal prices continued rising at quick paces last Friday, supported by both increased demand from domestic end-users and trading houses and tightening supply.

On September 15, the highest offers for the high-quality 5,500 kcal/kg NAR thermal coal notched Yuan 940/tonne ($129.2/t), marking a jump of Yuan 20/t from the day-ago levels; the 5,000 kcal/kg NAR coal was also offered Yuan 20/t higher at Yuan 820-840/t; and the 4,500 kcal/kg NAR coal rose