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Friday, 15 January 21
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 596 yuan (about 92.02 U.S. dollars) per tonne Wednesday, a rise of 3 yuan week on week, according to Qinhuangdao Ocean Shipping Coal Trading Market Co. Ltd.
 
Analysts said transport disruptions and higher transport costs helped further drive up the coal price.
 
The major coal-producing regions of Shanxi and Inner Mongolia have beefed up management and control of vehicles from Hebei, which is amidst the latest outbreak of COVID-19, thus hurting the medium- and long-distance coal transport capacity.
 
Meanwhile, sea ice has appeared in parts of the Bohai Sea and the Yellow Sea and this has pushed up the coal shipping transport costs and hurt the shipping efficiency.
 
Released by the Qinhuangdao Ocean Shipping Coal Trading Market Co. Ltd. every Wednesday, the BSPI is a leading indicator of China’s coal prices.
Source: Xinhua


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Recent News

Saturday, 27 February 21
CHINA'S BENCHMARK POWER COAL PRICE EDGES DOWN - XINHUA
China’s benchmark power coal price dropped slightly during the past week.   The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge ...


Saturday, 27 February 21
FITCH RATINGS REVISES GLOBAL METALS AND MINING PRICE ASSUMPTIONS
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Saturday, 27 February 21
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Thursday, 25 February 21
ARE WE ON THE CUSP OF ANOTHER MINING SUPER-CYCLE? - WOOD MACKENZIE
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Thursday, 25 February 21
2020 PROVED TO BE A TRULY TERRIBLE YEAR FOR SEABORNE COAL TRADE - BANCHERO COSTA
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