China Miners Jump as Coal Price Seen Rising on Tight Supply
- Shenhua advances to the highest price in more than a year
- Coal-fired power generators decline as fuel costs seen rising
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China’s biggest coal miners jumped on speculation producers won’t be able to boost domestic output fast enough before winter. Coal-fired power generators fell.
China Shenhua Energy Co. rose 3.9 percent in Hong Kong trading to close at HK$16.72, the highest since July 2015. State-owned rivals including China Coal Energy Co. and Yanzhou Coal Mining Co. both jumped 5 percent or more, while generator China Power International Development Ltd. fell 3.3 percent. Power-station coal in northeast China rose to the highest in four years on Sunday.