China's benchmark power coal price rose 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 578 yuan (about 88.38 U.S. dollars) per tonne Wednesday, a rise of 4 yuan week on week, according to Qinhuangdao Ocean Shipping Coal Trading Market Co. Ltd.
Affected by a widespread fall in temperatures across the country, the demand for heating and electricity has entered the peak season. Analysts said the peak season for coal consumption in winter, coupled with a tight market supply, led to the price rise.
Released by the Qinhuangdao Ocean Shipping Coal Trading Market Co. Ltd. every Wednesday, the BSPI is a leading indicator of China's coal prices.
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