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Chinese Coal Producers Selling at Lowest Prices in Five Years
Jun. 27, 2013 10:51AM PST
Industrial Metals InvestingThe Wall Street Journal’s MarketWatch reported that a number of China’s largest coal producers are now selling the fuel below $98 per ton, the lowest level in half a decade.
The Wall Street Journal’s MarketWatch reported that a number of China’s largest coal producers are now selling the fuel below $98 per ton, the lowest level in half a decade.
As quoted in the market news:
China Coal Energy Co. , China Shenhua Energy Co. and Datong Coal Industry Co. have all lowered benchmark coal prices to below 600 yuan ($98) per ton, the Economic Information Daily reported.
China’s benchmark thermal coal prices averaged CNY603 a ton between June 19 and June 25, falling 0.7% from a week earlier, according to a government-backed coal price index published Wednesday. The Bohai-Rim Steam-Coal Price Index covers spot prices at six major coal shipping ports in northern China.