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.
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