China Coal traded at 13.10 this Tuesday November 10th, decreasing 0.25 or 1.87 percent since the previous trading session. Looking back, over the last four weeks, China Coal lost 10.21 percent. Over the last 12 months, its price fell by 12.67 percent. Looking ahead, we forecast China Coal to be priced at 12.60 by the end of this quarter and at 11.70 in one year, according to Trading Economics global macro models projections and analysts expectations.
China Coal Energy Company Limited is a China-based company principally engaged in the coal production and distribution businesses. The Company’s coal businesses mainly include the production and distribution of steam coal and coking coal. The coking businesses mainly include the production and distribution of metallurgy cokes and forging cokes. The coal related equipments businesses mainly include the manufacture of hydraulic supports, scraper conveyors, loaders, boring machines, shearers and mining electrical motors, among others. The other businesses mainly include the production of electrolytic aluminum and coal gas. The Company mainly distributes its products in domestic and overseas markets.