Page 63 - நிலக்கரி புலங்கள் மீளுருவாக்கம் நம்பிக்கை News Today : Breaking News, Live Updates & Top Stories | Vimarsana

By Reuters Staff 2 Min Read SHANGHAI, April 22 (Reuters) - China’s thermal coal futures prices on the Zhengzhou Commodity Exchange jumped over 5% in early trade on Thursday, after hitting record levels earlier this week, as low inventories and tight supplies shore up prices. Zhengzhou thermal coal has gained nearly 20% since February and hit an all-time high of 794.80 yuan ($122.57) per tonne on Monday. It was last up 5.7% at 750.80 yuan on Thursday. Market open interest also surged to record highs of nearly 440,000 lots this week, nearly double from around 230,000 lots at the start of the year. “At present, the most important driver is domestic supply. Many coal mines have cut or even halted production. The market is relatively tight. Forming long-term support for the market,” a CITIC Futures report said.

Krishna chandra eluriEmily chowThomson reuters trust principlesZhengzhou commodity exchangeDistribution associationChina coal transportationHuatai futuresKrishna chandraThomson reuters trustAsia pacificChina prcCoal trbc level 4Coal nec trbc level 5Commodities marketsEast asiaEmerging market countries