China Xishan Coal raises coking coal prices

SHANGHAI Aug 11 (Reuters) - Xishan Coal and Electricity Power (000983.SZ), a listed arm of China's top coking coal producer, said on Tuesday that it had raised prices for coking coal since the beginning of August as demand for the steel production ingredient recovered.

It raised the price of washed coking coal to 1,125 yuan ($164.6) per tonne from 1,025 yuan. The price of fat coal was raised by 11 percent to 1,210 yuan per tonne, while price of washed lean coal was raised by 100 yuan to 930 yuan per tonne, the company said in a statement to the Shenzhen Stock Exchange.

The prices were on a free-on-rail basis, the company said.

"The government's stimulus plan has started to take effect, helping downstream industries recover, resulting in an evident rise in demand for coking coal," said Xishan Coal in the statement.

China's infrastructure-focused stimulus package has helped the steel sector's fast recovery. Steel production hit a record high in June, while steel prices have risen to 10-month highs. The price increase would bring an additional 290 million yuan in sales revenue, the company said. ($1=6.834 Yuan) (Reporting by Rujun Shen and Jacqueling Wong; Editing by Chris Lewis)