China Taiyuan coal transaction price index down 0.86 pct
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E-mail Xinhua, May 18, 2020
TAIYUAN, May 18 (Xinhua) -- China Taiyuan coal transaction price index stood at 123.86 points Monday, down 0.86 percent week on week.
The index, released by China Taiyuan Coal Transaction Center (CTCTC) based in Shanxi, a coal-rich province, reflects the coal price levels and changes in the main production areas of China. It is published every Monday.
Analysts said the trading situation in the thermal coal market in northern ports has improved as the daily consumption of power plants rebounded significantly, causing inventories to decline.
However, the supply of the thermal coal has decreased due to production suspension for maintenance in some coal mines in Shanxi Province, thus the coal prices have fallen slightly.
With more than 10,000 registered coal traders, the CTCTC is the largest coal trading center in China. Enditem
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