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Coal prices in China drop in mid-November

26 Nov '21
1 min read
Pic: Emmanouil Pavlis | Dreamstime.com
Pic: Emmanouil Pavlis | Dreamstime.com

In a bid to ease the energy crisis faced by China last month, the country’s government adopted various measures to curb the price rise which have resulted in the coal prices dropping sharply in mid-November. The prices of coking coal and coke have decreased by 19.8 per cent and 16.8 per cent, respectively, as per the National Bureau of Statistics (NBS).

While the price of coking coal dropped to 3010.7 yuan ($471.2) per ton, that of coke went down to 3243.5 yuan per ton this month. The price of ordinary mixed coal also dropped by 7 per cent to 874.3 yuan per ton in mid-November.

Out of 50 key materials required for production, prices of about 35 have dropped significantly in mid-November as compared to the start of the month. This indicates that China managed to ensure a stable supply of various essential commodities despite their prices rising globally, as per Chinese media reports.

ALCHEMPro News Desk (KD)

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