Economics
China Coal Price Falls to Four-Year Low Amid Economic Slowdown
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Power-station coal in China fell to a four-year low as industrial demand declined amid evidence the economy is slowing.
Coal with an energy value of 5,500 kilocalories a kilogram at Qinhuangdao, the country’s biggest shipping port for the fuel, slid to a range of 560 yuan ($91.34) to 575 yuan a metric ton as of yesterday, the China Coal Transport and Distribution Association reported today. That’s the lowest since July 27, 2009, according to data compiled by Bloomberg. Prices have decreased the past six weeks.