Thermal-Coal Price in Longest Losing Streak Since 2008-Shanghai Metals Market

Hot Keywords

  • Zinc
  • Futures movement
  • MMi Iron Ore Port Index
  • Copper scrap
  • Inventory data
  • Nickel
  • Copper
  • Aluminium
  • Evening comments
  • Stainless steel
  • Macroeconomics
  • Production data
  • Tin
  • Market commentary
  • inventory

Thermal-Coal Price in Longest Losing Streak Since 2008

Industry News 02:37:01PM Jul 10, 2012 Source:SMM

Jul. 10 - China's benchmark price for power-station coal fell for a ninth consecutive week, the longest period of losses since 2008, as slowing economic growth and increased use of hydropower slowed electricity demand.

Coal with an energy value of 5,500 kilocalories per kilogram fell to 645 yuan to 660 yuan ($101.25-$103) per metric ton on Sunday, according to data from the China Coal Transport and Distribution Association. The association said the average price was 2.6 percent less than the previous week and the lowest since Nov 16, 2009.

Key Words:  China thermal coal 

Price

more
#1 Refined Cu
Aug.23
46300.0
-115.0
(-0.25%)
Standard-Grade Copper
Aug.23
46290.0
-115.0
(-0.25%)
High-Grade Copper
Aug.23
46310.0
-115.0
(-0.25%)
Guixi copper
Aug.23
46320.0
-115.0
(-0.25%)
Low-quality copper
Aug.23
46260.0
-110.0
(-0.24%)

Thermal-Coal Price in Longest Losing Streak Since 2008

Industry News 02:37:01PM Jul 10, 2012 Source:SMM

Jul. 10 - China's benchmark price for power-station coal fell for a ninth consecutive week, the longest period of losses since 2008, as slowing economic growth and increased use of hydropower slowed electricity demand.

Coal with an energy value of 5,500 kilocalories per kilogram fell to 645 yuan to 660 yuan ($101.25-$103) per metric ton on Sunday, according to data from the China Coal Transport and Distribution Association. The association said the average price was 2.6 percent less than the previous week and the lowest since Nov 16, 2009.

Key Words:  China thermal coal