Thermal Coal at Qinhuangdao Drops on Increased Inventories
Feb. 27, 2012 11:35AM PST
Industrial MetalsBloomberg reported that prices for thermal coal at China’s Qinhuangdao port fell as stockpiles grew.
Bloomberg reported that prices for thermal coal at China’s Qinhuangdao port fell as stockpiles grew.
As quoted in the market news:
Coal with an energy value of 5,500 kilocalories per kilogram fell 0.6 percent to a range of 760 yuan ($121) to 770 yuan a metric ton as of yesterday compared with a week earlier, according to data today from the China Coal Transport and Distribution Association. That’s the lowest since March 21.