China's benchmark power coal price drops slightly

Time:2019-08-08 09:17:01 Source: xinhuanet.com

China's benchmark power coal price dropped slightly during the past week, continuing a downward trend.

The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge of coal prices in north China's major ports, stood at 576 yuan (about 81.76 U.S. dollars) per tonne Wednesday, a drop of one yuan week on week, according to Qinhuangdao Ocean Shipping Coal Trading Market Co. Ltd.

Analysts attributed the lower price to the high stockpile at the endusers and weak demand. The recent cool weather in east and south China brought about by typhoon-triggered rains reduced the coal consumption at power plants, according to analysts.

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

Index	RMB/t	DoD	Basis	Date
Datong 5500	700	0	ex-mine	05-04
Shuozhou 5200	680	0	FOR	05-04
Ordos 5500	700	0	ex-mine	05-04
Yulin 6200	780	0	ex-mine	05-04
Liulin Low-sulphur	900	0	ex-mine	05-04
Gujiao Low-sulphur	1770	-50	FOR	05-04
Xingtai Low-sulphur	2360	0	ex-Factory	05-04
Yangquan PCI	1280	-30	FOR	05-04

Index	RMB/t	WoW	WoW%	Date
Qinhuangdao	507.0	1.0	0.20	05-04
Caofeidian	541.0	9.0	1.69	05-04
Huanghua	216.9	12.4	6.06	05-04
Guangzhou	291.2	3.0	1.04	04-27
coastal 6PPs	1629.8	44.7	2.82	07-02
North Ports	2697.8	53.0	2.00	02-01
Yangtze River delta	1242.5	-74.7	-5.67	02-01
South Ports	2233.4	-216.0	-8.82	02-01