China’s Coal Prices Rise for a Seventh Week, Stockpiles Fall
This article is for subscribers only.
Power-station coal prices at China’s Qinhuangdao port rose for a seventh week to the highest in more than two years as the country battled with an electricity shortage.
Coal with an energy value of 5,500 kilocalories per kilogram gained 0.6 percent to between 830 and 845 yuan a metric ton as of today compared with a week earlier, according to the China Coal Transport and Distribution Association. That’s the highest since October 2008.