Thermal Coal at Qinhuangdao Drops on Increased Inventories

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.

Click here to read the full Bloomberg report.