China’s Coal Giant Goes From Worst to First Amid Cuts: ChartBloomberg News
China Shenhua Energy Co., the worst performer on Hong Kong’s benchmark index in 2015, has flipped to become its top gainer so far this year. The largest coal miner in the world’s biggest user of the fuel has benefited from rising prices triggered by falling production and reforms aimed at cutting excess capacity. China’s benchmark coal could reach 450 yuan a ton by December, from about 420 yuan now, as output drops 9 percent this year, according to forecasts by Citigroup Inc.
— With assistance by Sarah Chen