Shenhua Group raises power coal prices by RMB15/t for Dec.
BEIJING, Dec.2 (Xinhua) - China's largest coal miner Shenhua Group on Monday announced to raise its power coal price by 15 yuan/metric ton (tonne) for December.
Industry observers note that other large coal producers might follow suit, which is likely to push the market coal price to climb back to above 550 yuan/tonne, according to a report by stcn.com.
China National Coal Association also expressed at earlier events that it would help push coal price to a more rational range of 0.1-0.12 yuan/kcal. (Edited by Niu Huizhe, firstname.lastname@example.org)