Chinese miners extend gains as coal hub plans to cut coke output

Shougang Fushan Resources

10/10/2018 07:17

** Shares in Chinese coal producers extend gains as
investors expect them to benefit from tighter supply amid longer
production curbs ahead of the country's heating season 
    ** Baotailong New Materials  601011.SS  surges as much as
9.7 pct intraday to the highest since Aug. 17
    ** Coal producer China Shenhua Energy's  601088.SS 
Shanghai-listed shares rise 2.5 pct, while its Hong Kong-listed
shares  1088.HK  climb more than 5 pct to a 2-week high
    ** Yanzhou Coal Mining's  600188.SS  Shanghai-listed shares
climb more than 2 pct and its HK-listed shares  1171.HK  climb
3.5 pct 
    ** Hong Kong-listed Shougang Fushan Resources Group
 0639.HK  is up around 5 pct
    ** Shanxi province, China's major coal mining hub, has
pledged to cut coking capacity and annual coke output to help
reduce air pollution  urn:newsml:reuters.com:*:nL4N1WP2GP
    ** Dalian coke futures jump more than 4 percent, as
investors worry about tight supplies  urn:newsml:reuters.com:*:nL4N1WQ16D
    ** The CSI China Mainland Natural Resource Index 
 .CSICMNRI  falls 0.36 pct, while the Hang Seng Commerce &
Industry Index sector  .HSNC  gains 0.6 pct

 ((Reuters Messaging: Cheng.Li.thomsonreuters.com@reuters.net))