DAILY: China's thermal coal heads higher, sentiment upbeat

China's thermal coal prices headed higher in both portside and mine-mouth markets on Wednesday, and participants anticipated the uptrend to extend to next week, Mysteel has learned from sources.

At China's northern ports, trading houses' offers for the 5,500 kcal/kg NAR thermal coal generally soared by a hefty Yuan 40/tonne ($5.5/t) on day to reach Yuan 1,000-1,030/t on September 20, while the 5,000 kcal/kg and 4,500 kcal/kg NAR grades saw their highest offers at Yuan 920/t and Yuan