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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, 29 May 20
DRY BULK SHIPPING: NO QUICK RECOVERY FOR THE DRY BULK MARKET AS COVID-19 DIGS DEEPER
The outlook is poor for dry bulk, as the negative demand shock and overcapacity come together to send rates to multi-year lows, even a return to wo ...
Thursday, 28 May 20
COVID-19: A FORCE MAJEURE EVENT? - KYPRIANOU
KNOWLEDGE TO ELEVATE
While seeing the unexpected COVID-19 outbreak expanding worldwide and the first cases being identified in Cyprus, the com ...
Thursday, 28 May 20
OIL DEMAND RECOVERED BY 20% IN MAY AGAINST APRIL: RUSSIAN ENERGY MINISTER - TASS
Oil demand remains at a low level but the demand in May increased by 20% against April, Russian Energy Minister Alexander Novak said, cited by the ...
Thursday, 28 May 20
MARKET INSIGHT - INTERMODAL
Earlier in May, China’s top leaders convened for the annual National People's Congress, following over two months of delays due to the co ...
Wednesday, 27 May 20
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX UP 0.94 PCT - XINHUA
China Taiyuan coal transaction price index stood at 125.03 points Monday, up 0.94 percent week on week.
The index, released by China ...
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- Wood Mackenzie - Singapore
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- The University of Queensland
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- SN Aboitiz Power Inc, Philippines
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- India Bulls Power Limited - India
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- Ministry of Transport, Egypt
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- Eastern Energy - Thailand
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- Gujarat Electricity Regulatory Commission - India
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- Siam City Cement - Thailand
- Independent Power Producers Association of India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Grasim Industreis Ltd - India
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- Minerals Council of Australia
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- Semirara Mining and Power Corporation, Philippines
- Sindya Power Generating Company Private Ltd
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- Vedanta Resources Plc - India
- Economic Council, Georgia
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- Metalloyd Limited - United Kingdom
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- Kohat Cement Company Ltd. - Pakistan
- Siam City Cement PLC, Thailand
- Dalmia Cement Bharat India
- Directorate General of MIneral and Coal - Indonesia
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- McConnell Dowell - Australia
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- Coal and Oil Company - UAE
- Price Waterhouse Coopers - Russia
- Electricity Authority, New Zealand
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