Shaanxi Province-based Chinese coal producer Shaanxi Coal Industry Company Ltd has announced that it expects to register a net profit in the range of RMB 5.4 billion ($0.79 billion) to RMB 5.7 billion ($0.84 billion) for the first half of the current year, compared to a net profit of RMB 251 million ($36.9 million) in the same period last year.
Shaanxi Coal Industry Company Limited, together with its subsidiaries, mines, produces, washes, processes, and sells coal in China and internationally. The company primarily explores for power, chemical, and metallurgical coal. It has coal reserves of 21.783 billion tons; and recoverable reserves of 12.560 billion tons. Show more
SHAANXI COAL INDUSTRY COMPANY LIMITED is a China-based company, principally engaged in the mining, dressing by washing, transportation and sales of coal. The Company's coal products are mainly applied in power, chemical engineering and metallurgy, among others. The Company distributes its products mainly within domestic markets.
Three major mines under Shaanxi Coal and Chemical Industry Group were heard to have revised up coal offers by 11-39 yuan/t on June 16. On June 16, Fenwei assessed the Shaanxi Yulin 6,200 Kcal/kg NAR thermal coal at 365 yuan/t, mine-mouth with VAT, up 4 yuan/t from a session ago and rising a total 6 yuan/t week on week. The Yulin 5,800 Kcal/kg ...
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One mill official said the company mainly sourced coking coal from Shanxi, Shaanxi and Henan provinces. He said the import restrictions on Australian coal had been "around for some time but it seems more serious now." Several mills agreed that another round of Chinese coke price increases was likely in the near term.
The mayor of China's Yulin city, Shaanxi province, has urged local state-owned coal mines to lower thermal coal prices by 100 yuan ($16) per tonne and set price ceilings for long-term coal supply contracts. Thermal coal in term contracts with state-owned coal miners should not be sold at more than 1,200 yuan per tonne, while privately-owned ...
Clearly the intention is to encourage major producers to generate more power and there were also efforts to bring down the price of coal in instructions to the three biggest coal-producing provinces of Inner Mongolia, Shanxi and Shaanxi to raise output by as much as 30%, including new permissions to operate at full capacity even after exceeding ...
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Meanwhile, the construction of a massive coal-chemical project in China has been "halted temporarily", 21st Century Business Herald reported on Monday. The publication stated in an "exclusive" that the 1,300-hectare project by Shaanxi Coal and Chemical Industry Group is the largest of its kind under construction globally. It remains unclear why the suspension came into place, but ...
Coking coal prices continue to rise: According to data, as of September 3, the price of main coking coal at Jingtang Port was 3,850 yuan/ton, an increase of 350 yuan/ton on a week-on-week basis. As of September 3, the price of hard coking coal at Fengjing Mine in Australia was US$290.5/ton, a week-on-week increase of US$19/ton.
Share to: Shaanxi's Yulin city asked state-owned coal producers to take the lead in reducing coal prices by 100 yuan/t and cap long-term contract price under supply guarantee agreement at 1200 yuan/t, and private coal companies to cap coal sales price at 1,500 yuan/t. 16:26:46. Share to: The most-active futures contracts of thermal coal, coking ...
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