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China’s Coal Prices Rise for a Seventh Week, Stockpiles Fall
May. 30, 2011 08:24AM PST
Industrial MetalsBloomberg reported that a power shortage caused coal prices at China’s Qinhuangdao to increase for a seventh consecutive week.
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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| Commodities | |||
|---|---|---|---|
| Gold | 2385.36 | +3.56 | |
| Silver | 28.77 | -0.12 | |
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| Natural Gas | 1.69 | 0.00 | |
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