DAILY: China's portside thermal coal up further on market confidence

The offer prices of the 5,500 kcal/kg NAR spot thermal coal at China's northern transfer ports surged closer to Yuan 1,000/tonne ($137/t) on Tuesday after nearly one week of rises as market confidence continued gathering.

The high-quality 5,500 kcal/kg NAR grade was quoted higher by Yuan 30/t on day to a range of Yuan 960-990/t FOB and with VAT on September 19, showing an accumulative growth of Yuan 70-80/t in this round of upticks that kicked off from last Wednesday, according to Mysteel's tracking. The