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China's Benchmark Coal Price Drops Slightly

Coal News - Published on Fri, 18 Oct 2019

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Xinhua citing Qinhuangdao Ocean Shipping Coal Trading Market Co Ltd reported that China's benchmark power coal price dropped slightly during the past week. The Bohai-Rim Steam-Coal Price Index, a gauge of coal prices in north China's major ports, stood at about USD 81.3 per tonne Wednesday, a drop of one yuan week on week.

Analysts said that as the port market entered its traditional off-season, coal stockpiles at northern ports were once again climbing upward, undermining downstream purchasing intention.

Meanwhile, control measures on coal import were less stringent than expected, and the import increment had an impact on the supply of coal for domestic trade.

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Posted By : Rabi Wangkhem on Fri, 18 Oct 2019
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