China's coal prices are likely to stabilize on the whole in the short term, as the market will enter a traditionally slack season, said official with the Ministry Of Commerce.
Coal prices edged down 0.1% week on week over April 23-29, a slower decline compared with 0.6% drop a week earlier, showed data from the ministry.
Of this, prices of anthracite and thermal coal dipped 0.4% and 0.2% during the week, respectively; coking coal prices inched up 0.5% from a week earlier.
China's key power generators consumed 66.8 million tonnes of coal in total in early and mid-April, 6.7% lower than the level of the month prior, relevant statistics showed.
(Writing by Tammy Yang Editing by Jessie Jia)
For any questions, please contact us by email@example.com or +86-351-7219322.