WorldNews Posted November 11, 2016 Share Posted November 11, 2016 BEIJING (Reuters) - China's two largest coal producers Shenhua Energy Co and ChinaCoal agreed more long-term contracts at a discount price to current spot market rates, the Securities Times reported on Friday. Shenhua and ChinaCoal inked agreements with China Datang Corp , Huaneng Group and China Guodian [CNGUO.UL] at 535 yuan ($78.60) per tonne, the Securities Times reported citing unnamed sources. The contract price would be a reference point that could fluctuate depending on physical settlement prices at the end of each month, according to the newspaper. ... Continue reading... Quote Link to comment Share on other sites More sharing options...
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