China's benchmark power coal price edges up

• Thursday, July 16, 2020
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[Ferro-Alloys.com] 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 546 yuan ($78.03) per tonne Wednesday, a rise of 1 yuan week on week, according to Qinhuangdao Ocean Shipping Coal Trading Market Co Ltd.

 

Sufficient supply of low-price coal under long-term contracts played an important role in stabilizing the market, according to analysts.

 

Released by the company every Wednesday, the BSPI is a leading indicator of China's coal prices.

 

Source：People's Daily Online

 

 

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