Coal price remains stable from July 14 to July 21:
Shanghai. July 28, 2006.
INTERFAX-CHINA - Although China has already entered the peak season for coal consumption, the coal price did not change significantly from July 14 to July 21, and prices still fell in some regions. Coal stockpiles were falling in ports, power plants and steel mills, but the price at the Qinghuangdao Port - a key indicator - did not change. In eastern China, the price of 5,000-Kcal coal for power generation was up by RMB 10/ton (USD 1.25/ton) in Jinan, Shandong after shrinking by RMB 30/ton (USD 3.75/ton) the week before. In northern China, price changes varied depending on the type of coal. The price of anthracite and coking coal dropped noticeably while coal for power generation began to rise in Shanxi Province. The price rise in Shanxi might be a consequence of the coalmine accident that took place in Lingshi City in the middle of May. In northeastern China, coal consumption did not rise as quickly as other regions, and the price remained stable. The bituminous coal price shrank in Pingdingshan, Henan Province and Shenzhen, Guangdong Province.[From Internet} Best wishes,
Suman Mukherjee
India.
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