25 August 2019

Top coal producers team up to stop price slump, paper says

China’s four leading coal producers, including China Shenhua Energy Co. Ltd. (01088.HK, 601088.CN) and China Coal Energy Co. Ltd. (01898.HK, 601898.CN), have teamed up to maintain coal prices by controlling supply starting April, the Economic Information Daily reported Monday. As of March 26, the Bohai Rim Coal Price Index was 530 yuan (US$85.34) per ton, 3 yuan lower than in the previous week, marking its eleventh consecutive week of decline. The cumulative decrease in price was 101 yuan per ton, or 16 percent, the report said.

– Contact HKEJ at [email protected]





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