Coal news and updates

China Thermal Coal Hits One-Year Low on Slow Industrial Recovery

China’s thermal coal price plunged to the lowest in a year, weighed down by high inventories amid weak demand and Beijing’s focus on energy security.

The Chinese benchmark power-station coal price fell to a one-year low of 1,000 yuan ($147) per ton this week, dropping below government-set caps, consultant Fengkuang Coal Logistics said in a note. The current rate is about 40% lower than a record high four months ago, according to data compiled by the China Coal Resource.