Via China Daily....
China's benchmark power-station coal price rose for the first time
in four months as stockpiles declined at the nation's biggest port for
shipping the fuel.
Coal with an energy value of 5,500 kilocalories a kilogram at
Qinhuangdao climbed to a range of 625 yuan ($98.30) to 635 yuan a metric
ton as of Sunday, according to the China Coal Transport and
Distribution Association on Monday. The midpoint was 0.4 percent above a
week earlier, when prices touched the lowest since October 2009.
I would not expect a fast and furious turn in the coal markets, but the signs of the bottom are there.... at least in the thermal markets.
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