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Thursday, 14 October 10
COAL PRICES AT QINHUANGDAO PORT UP - CAPITALVUE


Capitalvue reported that, prices of steam coal yielding 5,500 kilocalories per kilogram (kcal/kg) in Qinhuangdao Port have risen five yuan to 715-725 yuan per ton since October 1, reports Shanghai Securities News.

Coal inventory in Qinhuangdao Port fell 17.5 percent from September 24 to 6.44 million tons as of October 13.

Senior coal specialist Li Chaolin regards the coal price increase in Qinhuangdao Port as a prelude to the fourth quarter peak season. Li predicts coal prices will grow moderately, as over-capacity in coal production has not been solved.

China Shenhua Energy's (601088, 1088.HK) shares edged up 0.11 percent to close at 27.55 yuan today.
Source: Capitalvue

 

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