China National Coal Association(CNCA)'s chief Wang Xianzheng said the authority will strive to get the coal price to return to a rational level so that the thermal coal price can rise back to around RMB0.1-0.12/Kcal. It is estimated that in order to reach the aforesaid level, the current coal price has to go up 14.11%-24.48%.
BASETROPHY GP (08460.HK) Expects Jan-Aug Results to Swing to Loss BASETROPHY GP (08460.HK) -0.013 (-8.280%) issued a profit warning. The group is expected to record a loss for the eight months ended 31 August 2017 as compared with a net profit for the same period of 2016, mainly due to the decrease in revenue recognised by the group and increase of listing expense
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