Reported 1 day ago
Chinese coal prices have fallen to their lowest level in over a year, with the benchmark price at Qinhuangdao port dropping to 803 yuan ($110) per ton. This decline is attributed to the government's disappointing economic stimulus efforts, resulting in weak industrial demand and excessive inventory at utilities. The coal market has seen a 14% decrease since the beginning of the year, with expectations for production capacity to grow despite potential import slowdowns next year.
Source: YAHOO