
Itisreportedthattheannualcontractcoalnegotiationsarenearingitsendwhilethetotalvolumeofcontractsconcludedreached1.87bntonnesatthemoment,whichsurged56%YoYandrepresenteda7-yearhigh.However,nocontractpricehasbeeninkedyetbetweenthefivemegapowergroupswiththemajorcoalproducers.InDecember2012,ChinasStateCouncilannouncedthecancellationofthelong-standinggovernment-ledkeycontractcoalpricenegotiation...