Tag: Prices
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China: Thermal coal futures rise 19% w-o-w amid tight supply at northern ports
Tight supply at China’s northern ports has lifted thermal coal futures on the Zhengzhou Commodity Exchange to RMB 919/t ($133/t) today, up by 19% w-o-w. Several trucks were in a long queue for 2-3 days amid delays in coal loadings. Limited supply from Russia surrounding the SWIFT sanctions also supported the rise as Chinese traders…