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Article: Surging price of coal in domestic market.(Energy)
- Article from:
- China Chemical Reporter
- Article date:
- June 16, 2008
CopyrightCOPYRIGHT 2008 China National Chemical Information Center. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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With the sustained price rise of crude oil and the growing demand for coal in the international market, the price of Australian power coal as the benchmark price of coal in Asia increased to US$150 per ton at the end of May, hitting a new historical high. To ensure the power supply during the 2008 Beijing Olympic Games, power plants in China are increasing the inventory of power coal. The price of coal in the domestic market has also created a historical record.
At the end of May the State Council issued an urgent notice concerning the stable transportation and supply of coal, power, oil and gas. Power firms are requested to guarantee power coal reserves for 15 ...