UTC+8 ( BJT)

China thermal coal prices fall below government-set ceiling

ABSTRACT

China's thermal coal sellers in port markets continued cutting their offering prices on August 4, in response to slack downstream demand. For example, a North China-based seller sold a consignment of 5,500 kcal/kg thermal coal at Yuan 1,140/tonne ($168.7/t) EXW and including the 13% VAT, lower than the price ceiling of Yuan 1,155/t set by the central government.
China's thermal coal sellers in port markets continued cutting their offering prices on August 4, in response to slack downstream demand. For example, a North China-based seller sold a consignment of 5,500 kcal/kg thermal coal at Yuan 1,140/tonne ($168.7/t) EXW and including the 13% VAT, lower than the price ceiling of Yuan 1,155/t set

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