| China exports more coal for higher prices on int'l markets |
|
| Wednesday,November 14,2007 Posted: 21:21 BJT(21 GMT) |
| From:www.chinaview.cn Article type:Redistributed |
BEIJING, Nov. 14 (Xinhua) -- China exported 5.25 million tons of coal in October, a growth of 18.8 percent on the same month of last year, sources with the General Administration of Customs said on Wednesday, and it expects prices to remain high over the next quarter.
Guo Yuntao, head of China Research Center of Coal Industry Development, attributed the export growth in October to price rises on international markets.
Guo said coal used for power projects, which was supplied by Australian enterprises, had been priced at 70-80 U.S. dollars per ton, higher than China's average at 500 yuan (67.3 U.S. dollars) or so.
Guo said the price would remain high on global markets in the fourth quarter, when coal consumption peaked usually.
Customs data show between January and October China exported 43.26 million tons of coal, down 17.6 percent from a year earlier.
|
Exchanges & Cooperation
