19 October 2018

Coal piles up at smog-choked northern ports, paper says

Heavy smog in northern China has led to a sharp increase in coal inventory at various ports in the region as poor visibility hampers loading and unloading of supplies, the China Securities Journal reported Thursday. The benchmark Bohai Rim Coal Price Index was 559 yuan (US$91.28) per metric ton for the 5,500 kJ/kg steam coal on February 26, down 3 yuan from a week earlier. Prices have fallen 72 yuan per metric ton over the last seven weeks, suggesting that coal companies are under growing price pressure, the report said.

– Contact HKEJ at [email protected]


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