19 July 2019

Shenhua Energy cancels favorable pricing, paper says

China Shenhua Energy Co. Ltd. (01088.HK, 601088.CN) has stopped using the lowest monthly coal price in its pricing mechanism, National Business Daily reported Wednesday. The move is tantamount to a price increase, market watchers were quoted as saying. The pricing mechanism, which offers customers the benefit of settling orders at the end of a month using the lowest coal price in that month, was launched three months ago to boost sales during a slow summer season. The move suggests coal sales have recovered, the report said.

– Contact HKEJ at [email protected]



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