China Shenhua Energy Co., Ltd (601088.SH; 01088.HK), the largest coal producer in China, on Tuesday released a scheme of preferential prices for several kinds of its coal products, the Economic Information Daily reported on Wednesday.
Under the preferential price scheme, downstream clients can purchase higher-quality coal products of the company at previous prices.
The price reduction move aims to lighten the selling pressure on the enterprise as China's coal industry saw a sluggish performance with thermal coal prices sinking to 400 yuan per tonne.
Industrial insiders predict that the country's thermal coal prices will continue to see a downward trend in near future.
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