China Taiyuan coal transaction price index down 0.4 pct

China Taiyuan coal transaction price index stood at 133.56 points, down 0.4 percent week on week.

The index, released by China Taiyuan Coal Transaction Center (CTCTC) based in Shanxi, a coal-rich province, reflects the coal price levels and changes in the main production areas of China. It is published every Monday.

Analysts said the daily consumption of downstream power plants did not live up to expectations, which kept the inventory at a relatively high level. Coal procurement demands of power enterprises were also limited, with only a small amount of replenishment from inelastic needs. Traders in the northern ports were slightly more confident, which caused slight rises of the quotations of some coal types.

With more than 10,000 registered coal traders, the CTCTC is the largest coal trading center in China.