Date
18 October 2017

Shenhua keeps coal contract price unchanged, paper says

Shenhua Group, one of China’s major coal producers, kept the long-term contract price of benchmark 5,500-kilocalorie thermal coal unchanged at 568.8 yuan (US$93.49) on Thursday but lowered the spot price by 2.2 yuan per metric ton, the National Business Daily reported Friday, citing a company statement. The move came after the benchmark price in Bohai Rim has fallen for six consecutive weeks to 562 yuan per metric ton on Wednesday, down 9 yuan from a month earlier. Meanwhile, coal inventories at the Qinhuangdao Port fell 948,000 metric tons to 7.45 million metric tons on Wednesday from a month earlier, the report said, citing data from commodity e-commerce platform Treasure Island.

– Contact HKEJ digest@ejinsight.com

TL/AC/CG

 

 

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