Thermal coal prices in the international market surged by nearly 30% within a week to hit a new record amid escalating Russia-Ukraine tensions, driving higher China's domestic coal prices.
The Newcastle benchmark thermal coal spot price index surged more than 19% on Wednesday to hit a new record high of $317.25 per tonne, rising 29.87% from a week earlier, according to information from the China Coal Transportation and Distribution Association.
Everything you are looking for about China markets is on THE WIRE, with up-to-the-minute reporting on regulatory updates, economic indicators, market trends and company spotlights throughout every trading day.
Random China information is everywhere, but focused and systematic reporting on China market is rare.