-
Important news
-
News
-
Shenzhen
-
China
-
World
-
Opinion
-
Sports
-
Kaleidoscope
-
Photos
-
Business
-
Markets
-
Business/Markets
-
World Economy
-
Speak Shenzhen
-
Health
-
Leisure
-
Culture
-
Travel
-
Entertainment
-
Digital Paper
-
In-Depth
-
Weekend
-
Newsmaker
-
Lifestyle
-
Diversions
-
Movies
-
Hotels and Food
-
Special Report
-
Yes Teens!
-
News Picks
-
Tech and Science
-
Glamour
-
Campus
-
Budding Writers
-
Fun
-
Qianhai
-
Advertorial
-
CHTF Special
-
Futian Today
在线翻译:
szdaily -> Business/Markets -> 
Coal prices hit record high on tight supply worries
    2021-09-08  08:53    Shenzhen Daily

CHINA’S coal prices soared to a record high yesterday over supply concerns as major coal production regions started fresh rounds of safety checks.

Demand has also remained robust with power plants in northern China beginning restocking ahead of the winter heating season.

The most-traded thermal coal futures contract on the Zhengzhou Commodity Exchange jumped more than 4 percent in morning trade to a record-high level of 979 yuan (US$151.63) a ton yesterday.

Prices for coking coal, a raw material mainly used in steelmaking, gained more than 4.5 percent, reaching a new high of 2,896.5 yuan a ton.

China’s top coal mining province, Shanxi, ordered Friday all its coal mines to carry out a two-month safety inspection and said those who failed to comply would be shut down for rectification.

A State-owned coal mine with an annual output capacity of 6 million tons has already been closed for at least a month after a fatal accident occurred last week.

China’s top economic planner has also initiated a fresh round of price probes at key coal mining regions, aiming to arrest illicit price hikes and stabilize the market. (SD-Agencies)

深圳报业集团版权所有, 未经授权禁止复制; Copyright 2010-2020, All Rights Reserved.
Shenzhen Daily E-mail:szdaily@126.com