| Yang Quan Coal Industry Group
filed last night that it will lower the per-ton purchase price of crude
coal by 10 yuan to 490 yuan for the third quarter, reports yicai.com. As
agreed with parent group,
Yang Quan's crude coal purchase price is
adjusted quarterly, and the latest adjustment marks a two-percent drop
from the previous quarter.
It is the first reduction in the crude coal
price in the first half after a period of continuous price increases. The
price stayed at around 435 yuan per ton in the second half of 2010 and
rose to 500 yuan since the beginning of 2011.
Source: Capital Vue |
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