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China Coal Prices Hit Three-Year High
China's coal prices reach three-year high amid production slowdown and supply disruptions.
In brief
China's coal prices reach three-year high amid production slowdown and supply disruptions. China's thermal coal prices hit a three-year high of 1,004 yuan per ton due to sluggish domestic production and Indonesia's export restrictions. Originally reported by mint.
Coal Prices Surge
China's thermal coal prices climbed to a three-year high of 1,004 yuan per ton on Monday.
Domestic Production Sluggish
Domestic output of thermal coal fell over 3% year-on-year due to safety measures after a May mine collapse.
Indonesia Shipment Decline
Indonesia's coal shipments dropped sharply as Jakarta curbed output to boost state revenues and address drought impacts.
Price Pressure Continues
Prices have risen by a quarter since mid-July with no relief expected through the Communist Party meeting.
The bottom line
China's thermal coal prices hit a three-year high of 1,004 yuan per ton due to sluggish domestic production and Indonesia's export restrictions.
