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

0 Comment(s)Print E-mail Xinhua, September 23, 2020
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SHIJIAZHUANG, Sept. 23 (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 549 yuan (about 80.82 U.S. dollars) per tonne Wednesday, a rise of 2 yuan week on week, according to the Qinhuangdao Ocean Shipping Coal Trading Market Co. Ltd.

Analysts said there were still expectations of further market rally, but the rapid rises in coal prices curbed purchases and therefore the prices rose at slower paces. But with the National Day holiday approaching, the overall coal supply in the main coal producing regions tended to be tight.

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

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