China Coal Energy: There will not be a Large Amount of Imported Coking Coal Pouring into the Market

SHANGHAI, Mar 24 (SMM) - A relevant person from China Coal Energy said today that coal imports can only be made by companies with import rights through submission of approval. At present, there will not be a large amount of imported coking coal pouring into the market. Regarding the future trend of coal prices, China Coal Energy said that in 2023, the proportion of long-term contracts will still be relatively high, and the domestic coal prices will generally show a downward trend. There will be no large fluctuations in the prices under long-term contracts. Note: China Coal Energy achieved a total operating income of 220.577 billion yuan in 2022, down 8% year-on-year; a net profit of 18.241 billion yuan, a year-on-year increase of 32.8%; The basic earnings per share was 1.38 yuan.