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

0 Comment(s)Print E-mail Xinhua, January 15, 2020
Adjust font size:

SHIJIAZHUANG, Jan. 15 (Xinhua) -- China's benchmark power coal price rose slightly during the past week.

The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge of coal prices in north China's major ports, stood at 553 yuan (about 80.3 U.S. dollars) per tonne Wednesday, a rise of one yuan week on week, according to Qinhuangdao Ocean Shipping Coal Trading Market Co. Ltd.

Analysts said that as the Spring Festival approaches, a number of factors have fed a slight rise in the index, including increased mine shutdowns, continuing low railway freight volume, and a decline in spot coal available for sale at ports.

Given the inventory replenishment in later period, there is still room for coal demand to grow, although the consumption of downstream power plants will fall into a low ebb during the Lunar New Year holiday, according to analysts.

Released by the Qinhuangdao Ocean Shipping Coal Trading Market Co. every Wednesday, the BSPI is a leading indicator of China's coal prices. 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