Chinese CCI 7, CCI 2 coal prices slip further after Shenhua price cut

摘要

The market for imported 4,700 kcal/kgNAR thermal coal delivered to south China (CCI 7) fell 10cents on Wednesday to $56.40/mt, as the market digestedlarge Chinese producer Shenhua’s latest price cut of Yuan 5/mt ($0.81/mt) for domestic coal.CCI 2 — the price for domestic 5,000 kcal/kg NARChinese thermal coal on a FOB Qinhuangdao basis — fellYuan 1 to Yuan 417/mt.