Coal companies stoke up prices
By Du Juan | China Daily | Updated: 2014-08-08 07:00
Association has urged mines to cut production and reduce inventories
The coal sector is taking steps to escape the triple trap of falling prices, weak demand and continued losses.
Shenhua Group Corp Ltd, the country's biggest coal producer, raised its price for the fuel to 489 yuan ($79.36) a metric ton at the start of the month.
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