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 570 yuan (about 81.5 U.S. dollars) per tonne Wednesday, a drop of six yuan week on week, according to Qinhuangdao Ocean Shipping Coal Trading Market Co. Ltd.
Analysts said a number of factors have fed a downward trend of the index, including the influx of imported coal, increased bargaining power of low-daily-consumption power plants with high coal reserves.
Meanwhile, as confidence in coal trading plunged and bearish sentiment continued to rise, the downward momentum of coal market has been amplified, 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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