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China coking coal futures extend gains on severe supply shortage
Add BT as a preferred sourcePublished Mon, Oct 24, 2016 · 09:50 PM
Shanghai
CHINESE coking coal and coke futures extended gains on Monday after capacity cuts in the country hit production, with a severe supply shortage expected to continue in the coming months.
As part of its supply-side reform, China has vowed to slash overcapacity in the coal sector that has dragged miners into severe losses over the last few years.
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