A Hot Summer For Coal?
By Shuli Ren
Coal miners are sizzling this week.
In China, coal prices have increased 45 yuan per ton in the past 7 months, or 12% increase, while coal supply fell 19%.
In particular, coal prices jumped in the second week of June, prompting coal miners to rally.
Yanzhou Coal (1171.Hong Kong) soared 17% since last Thursday, while China Shenhua Energy (1088.Hong Kong) soared 12% and China Coal Energy (1898.Hong Kong) jumped 13%.
Source: Barron's Asia
http://blogs.barrons.com/asiastocks/201 ... -for-coal/