China Coal has yet to settle 2009 contract prices with Big Five: China Coal official

摘要

China Coal has yet to settle 2009 contract prices with the country's five biggest power generators, but has secured a 10% year-on-year contract price increase with other domestic buyers, including independent power producers and general industries. Wu Jian, China Coal head of investor relations, said in a briefing last week hosted by Macquarie Research Equities that China's big five power generators were asking for a 5% cut from 2008 contract prices.