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China's benchmark power coal price rises by CNY 1 per tonne

Coal News - Published on Fri, 12 Apr 2019

Image Source: World Atlas
Xinhua reported that China's benchmark power coal price rose by CNY 1 per tonne during the past week. The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge of coal prices in northern China's major ports, stood at 579 yuan per tonne Wednesday, according to Qinhuangdao Ocean Shipping Coal Trading Market Co Ltd.

Analysts said the supply and demand balance was broken after four flat weeks. Falling storage in electric power plants was one of the factors affecting the price.

Meanwhile, the railway line connecting the coal city of Datong, Shanxi Province, and the port city of Qinhuangdao, Hebei Province, has been under maintenance since April 7, which affected coal supply and boosted market confidence. A malfunction in the power system of the city of Zhangjiakou also affected supply.

Source :

Posted By : Rabi Wangkhem on Fri, 12 Apr 2019
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