Coal prices in China drop to lowest since October 2009

Note: This section contains information in English only.
Source: Bloomberg
Chinese coal spot prices decreased to 600-615 Yuan per kilogram, the lowest price since October 2009, as country's manufacturing sector, which accounts for 70% of domestic electricity demand, contracted for the first time in 7 months. Sluggish demand from heavily industrialized sectors and sufficient rainfalls in the south were indicated as the main causes of a decrease in prices.
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