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Sunday, 29 December 19
CHINA'S BENCHMARK POWER COAL PRICE EDGES UP - XINHUA
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 551 yuan (about 78.8 U.S. dollars) per tonne Wednesday, a rise of one yuan week on week, according to Qinhuangdao Ocean Shipping Coal Trading Market Co. Ltd.
 
Analysts said that with the recent tightening of special safety rectification, the operating rate has obviously declined, leading to a rise in coal prices in the main coal-producing areas.
 
As the year-end approaches, traders were speeding up the delivery of goods to collect money. Transit ports were in a state of net transfer-out, and coal stocks have dropped significantly. In addition, the coal storage in major coastal power plants has dropped below 16 million tonnes. The coal market was lifted on positive sentiment, due mainly to recent inventory destocking trends.
 
On the whole, the short-term market presented a slow upward trend, but in January, downstream coal consumption will be gradually weakened. After the resumption of coal imports, the market is still inclined to be bearish, which limits the rise of coal prices, according to analysts.
 
Released every Wednesday, the BSPI is a leading indicator of China’s coal prices.
Source: Xinhua


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Thursday, 19 December 19
BANGLADESH'S NBR CUTS VAT ON COAL IMPORT FOR POWER PLANTS - THE DAILY STAR
The National Board of Revenue (NBR) reduced value added tax on the import of coal for power plants to 5 percent from present 15 percent for five ye ...


Wednesday, 18 December 19
AVERAGE PRICES OF COAL IN 2018 WERE MORE THAN 60% HIGHER THAN IN 2016 - IEA
Coal use grew again in 2018.  Global coal demand increased by 1.1%, continuing the rebound that began in 2017 after three years of decline ...


Wednesday, 18 December 19
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Wednesday, 18 December 19
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Tuesday, 17 December 19
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