WorldNews Posted November 11, 2016 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
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