China’s coal prices hit new high this year amid rising demand, tight imports

 

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Power coal price at Chinese ports continued to climb to hit a new high this year driven by increasing demand in the winter heating season and tight imports.

On November 4, China’s CCTD Bohai-Rim spot thermal coal reference price  stood at 615 yuan per tonne, rising about 10 per cent from a year earlier. On September 28, the price reference broke through 600 yuan mark for the first time this year.

The latest round of coal price rally started at the end of October. On October 29, the coal price index increased to . . .

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