China's benchmark power coal price drops slightly

Time:2019-10-17 08:38:27      Source: xinhuanet.com
China's benchmark power coal price dropped 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 577 yuan (about 81.3 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 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.
 
Under the background of power-pricing reform, power plants had a strong desire to force prices down, which led to the rising bearish sentiment in the market, according to analysts.
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
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