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Friday, 20 December 19
CHINA'S BENCHMARK POWER COAL PRICE REMAINS FLAT - XINHUA
China’s benchmark power coal price remained flat 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 550 yuan (about 78.59 U.S. dollars) per tonne Wednesday, according to Qinhuangdao Ocean Shipping Coal Trading Market Co. Ltd.
 
Analysts said that at present, the over-expected increase in imported coal has supplemented the inventory of downstream firms. In addition, residential electricity demand was relatively insufficient, which made coal demand lower than expected.
 
Multiple factors restricted the production capacity of main producing areas. Coal prices, however, have shown signs of stopping falling in some production areas, supporting the prices in the coastal coal market.
 
In 2019, the mid-term and long-term agreements on coal were fulfilled well, effectively ensuring the stability of coal supply and having obvious effect on stabilizing prices in the spot market, according to analysts.
 
Released every Wednesday, the BSPI is a leading indicator of China’s coal prices.
Source: Xinhua


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Recent News

Tuesday, 17 December 19
BACK TO FUTURE FOR BUSH AS AUSTRALIA CONSIDERS MOVING AWAY FROM COAL NEWCASTLE - HERALD
Looking backwards could show the way forward for regional communities planning for a future beyond mining.   One of Australia’s ...


Tuesday, 17 December 19
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX DOWN 0.01 PCT - XINHUA
China Taiyuan coal transaction price index stood at 133.16 points, down 0.01 percent week on week.   The index, released by China Taiy ...


Tuesday, 17 December 19
YEAR 2019: IT IS LOOKING SET THAT THIS YEAR WILL BE ONE OF THE SLOWEST IN TERMS OF DRY BULK NEWBUILDING ACTIVITY - ALLIED
With just two weeks remaining before 2019 comes to an end, it is now looking set that this year will be one of the slowest in terms of dry bulk new ...


Monday, 16 December 19
ULTRAMAX: A 63,000DWT SHIP FIXING DELIVERY FOR A SINGAPORE TRIP VIA INDONESIA, FOR RE-DELIVERY TO CHINA AT $11,000 - BALTIC BRIEFING
Capesize It was one-way traffic for the Capesize market this past week, with all routes giving up value. While downward momentum may have slowe ...


Monday, 16 December 19
THE OUTLOOK FOR U.S. THERMAL COAL IS INCREASINGLY STRESSED - MOODY'S
- Slowing global economic growth, trade tensions will continue to exert influence   - Coal's secular decline will persist in 2020 ...


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