China Coal Prices Reach 9-Month High on Winter Demand
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Coal prices at Qinhuangdao port, a benchmark for China, rose to the highest in nine months on expectations of a colder-than-usual winter.
The price of power-station coal with an energy value of 5,500 kilocalories per kilogram rose 2.7 percent to between 755 yuan ($113) and 775 yuan a metric ton as of today, compared with a week earlier, according to data from the China Coal Transport and Distribution Association. That’s the highest since Feb. 8.