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China’s Thermal-Coal Prices Fall for First Time in 5 Months
Jul. 18, 2011 07:37AM PST
Industrial MetalsChina’s benchmark thermal-coal price fell for the first time in almost five months after power stations built up inventories of the fuel for the summer.
China’s benchmark thermal-coal price fell for the first time in almost five months after power stations built up inventories of the fuel for the summer.
The market news is quoted as saying:
Coal with an energy value of 5,500 kilocalories per kilogram at Qinhuangdao port declined 0.9 percent to 840 yuan ($130) to 850 yuan a metric ton as of today compared with a week earlier, according to data published on the website of Beijing- based China Coal Transport and Distribution Association.
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