13 December 2018

Smaller suppliers caught in coal price squeeze, paper says

China Shenhua Energy Co. Ltd. (01088.HK, 601088.CN) has lowered prices of 5,000 K cal/kg thermal coal by a combined 83 yuan per metric ton since Dec. 26, as price talks between coal producers and major power companies remain deadlocked, National Business Daily reported Friday. The parties were supposed to reach a deal by Dec. 31 but the failure to do so has pushed down the price of the resource, forcing smaller coal suppliers to quote at levels even below those of China Shenhua, the report said.

– Contact HKEJ at [email protected]



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