Profits at China’s industrial firms jumped 16.3 per cent year on year to 738.74 billion yuan (US$115.7 billion), quickening from the 10.1 per cent gain in August.
BEIJING, Oct 25 China’s thermal coal futures fell for a fourth day today, extending losses since last week when they cooled from record highs after Beijing said it would intervene to tame prices. The most-active thermal coal futures on Zhengzhou Commodity Exchange, for delivery in January,.
Cargoes of coking, thermal and brown coal imported into China from Indonesia surpassed 21 million tonnes in September, from just over 17 million tonnes in August.
Authorities in China are attempting to boost coal supply amid record-high prices and shortages of electricity that have led to power rationing across the country.