Tag: China Coal Energy Co Ltd

Short-Term Support for Coal

Thermal coal slipped to US$92 per ton to represent 9% gain year-on-year. Production data from China Shenhua Energy Company Limited, one of the largest producers in the world, however, might lend short-term support to the commodity.

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Mixed Coal Data

Shares of coal producers were hammered worldwide Thursday (Dec 22) despite reports about 69% jump of China’s import of thermal coal last month. Shenhua and China Coal Energy Co Ltd lost 3.1% and 2.43% respectively in Hong Kong, while Whitehaven Coal dropped 2.56% in Sydney. In Jakarta, Adaro Energy inched up 0.6%, but others were mostly in red.

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