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Datong Coal Mine unit launches net-based sales site


Chinese coal prices and other commodity prices slumped in early trade, which in turn pulled oil prices down. Photo: Reuters

(ATF) – China Taiyuan Coal Trading Center, a unit of the Coal Transportation and Sales Corporation of Datong Coal Mine Group (No. J010452)  has set up an e-commerce platform (http://e.ctctc.cn), to enable transactions of clay and coal. 

More than 50,000 tonnes of clay were sold at 100 yuan (US$14.4) per tonne, while the bidding volume of thermal coal was 20,000 tonnes at a transaction price of 106 yuan per tonne.

The bonds of Datong Coal Mine Group surged 0.05% on the ATF ALLINDEX Chinese Bond Market Financial Index financials gauge Monday, helping push the broader CBM50 Index up the most in three weeks.

The city of Datong is famously home to China’s coal industry, supplying Beijing and its surrounding areas.

Chris Gill

With over 30 years reporting on China, Gill offers a daily digest of what is happening in the PRC.

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