1st LD-Writethru: China's benchmark power coal price edges down

0 Comment(s)Print E-mail Xinhua, November 13, 2019
Adjust font size:

SHIJIAZHUANG, Nov. 13 (Xinhua) -- China's benchmark power coal price dropped slightly during the past week, continuing a downward trend.

The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge of coal prices in north China's major ports, stood at 560 yuan (about 80 U.S. dollars) per tonne Wednesday, a drop of ten yuan week on week, according to Qinhuangdao Ocean Shipping Coal Trading Market Co. Ltd.

Analysts said behind the bearish sentiment in the market there was a mismatch between supply and demand for coal, which was a fundamental reason for a continuous fall in coal prices.

Some downstream enterprises have stocked up on imported coal ahead of schedule. In October, China had a total of 25.69 million tonnes of imported coal, which still has a lingering impact on the coal market. Enditem

Follow China.org.cn on Twitter and Facebook to join the conversation.
ChinaNews App Download
Print E-mail Bookmark and Share

Go to Forum >>0 Comment(s)

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Enter the words you see:   
    Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter