China Taiyuan coal transaction price index down 0.29 pct

China Taiyuan coal transaction price index stood at 124.56 points Monday, down 0.29 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 that the electricity demand has continued to rise due to high temperatures in coastal areas, and the daily coal consumption in many power plants has rebounded. However, owing to factors such as high coal inventories in power plants and continued hydropower generation, power companies are not eager to purchase coal, and the price dropped slightly.

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