China’s Major Coal Companies Promise to Stabilise Coal Prises

SHANGHAI, Oct 21 (SMM) – In order to fully guide the rational return of coal prices and ensure the energy supply, the Coal Operation Company of CHN Energy, China Coal Group, Jinneng Holding Group and Yitai Group have all made promises to maintain the supply of thermal coal and stabilise prices.

Among them, Jinneng Holding Group promises to keep the closing prices of 5,500 kcal thermal coal at the Bohai Rim port below 1,800 yuan/mt during the heating season of this winter and next spring, and that of 5,000 kcal and 4,500 kcal thermal coal below 1,500 yuan/mt and 1,200 yuan/mt respectively.The prices of other high-calorie thermal coal will not exceed 2,000 yuan/mt.