CHINA DOMESTIC COAL PRODUCERS TIP DEMAND, PRICE RECOVERY

BEIJING - Coal prices are likely to rebound later this year as inventories decline and demand recovers along with the economy, according to leading Chinese producers, Shenhua Energy and Yanzhou Coal. Shenhua, China’s largest coal producer, said domestic coal inventory, which soared in May and June, has decreased to a "reasonable" level from a peak caused by economic issues leading to weak demand.