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Thursday, 04 June 20
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 531 yuan (about 74.7 U.S. dollars) per tonne Wednesday, a rise of 1 yuan week on week, according to Qinhuangdao Ocean Shipping Coal Trading Market Co. Ltd.
Analysts said that the reasons for the narrowing of the index rise included a sharp decline in stocks at Bohai-Rim ports, a decrease in daily consumption of downstream power plants, and a cooling of market trading activities. In addition, the coal prices from large coal enterprises did not come out at the beginning of the month, resulting in a strong wait-and-see mood in the market.
The large stock gap in ports, coupled with the increase in the number of coal mines that have reduced production or stopped production, supported the weak upward trend in the price of thermal coal. The buyer’s bargaining power was strengthened by the gradual decline in daily coal consumption in coastal power plants, which inhibited the upward movement 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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Friday, 18 September 20
INDIA'S COAL-FIRED POWER OUTPUT PICKS UP AS INDUSTRIAL USE RISES - REUTERS
India’s coal-fired electricity generation rose 9.4% in the first half of September, provisional government data showed, as demand from indust ...
Friday, 18 September 20
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 ...
Thursday, 17 September 20
LAST HOPES FOR DEMAND GROWTH SET TO DISAPPOINT THERMAL COAL EXPORTERS - IEEFA
Asian thermal coal exporters are fighting an uphill battle even in new markets
The world’s largest thermal coal exporter is eyeing new m ...
Wednesday, 16 September 20
MARKET INSIGHT - INTERMODAL
Another active week in terms of SnP has concluded in the dry bulk market with a diversified array of transactions recorded. Despite the correction ...
Friday, 11 September 20
IMO 2020: A REVIEW OF THE TRANSITION TO VLSFOS - GARD
KNOWLEDGE TO ELEVATE
Many predictions were made in the run up to the imposition of the MARPOL 2020 sulphur cap, none of which was that the tra ...
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- Standard Chartered Bank - UAE
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- The University of Queensland
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- Electricity Authority, New Zealand
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