China’s coke, coking coal, thermal coal futures jump amid growing market concerns over shortage
China’s coke, coking coal, thermal coal futures jump amid growing market concerns over shortage

China’s coke, coking coal, thermal coal futures jump amid growing market concerns over shortage

 

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China’s benchmark futures of thermal coal, coking coal and coke futures all hit limit-up on Monday driven by market speculation of halted coal imports from Mongolia and amid growing concerns over continued shortage of coal supplies.

In the daytime trading on Monday, the most-traded coke and coking coal futures on the Dalian Commodity Exchange, for January delivery, surged by the daily limit of 8 per cent. The most active thermal coal futures contract on the Zhengzhou Commodity Exchange, for January delivery, also jumped by the daily maximum of 8 per cent.

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