China’s Coal Prices Rise for a Seventh Week, Stockpiles Fall

Bloomberg reported that a power shortage caused coal prices at China’s Qinhuangdao to increase for a seventh consecutive week.

The market news is quoted as saying:

Coal with an energy value of 5,500 kilocalories per kilogram gained 0.6 percent to between 830 and 845 yuan a metric ton as of today compared with a week earlier, according to the China Coal Transport and Distribution Association.

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