Date
7/18/2019 6:03:27 AM
(MENAFN) During the past week, China's benchmark power coal price stayed almost unchanged.
According to Qinhuangdao Ocean Shipping Coal Trading market Co., Ltd, The Bohai-Rim Steam-Coal Price Index, a gauge of coal prices in northern China's major ports, stood at about USD84 per ton Wednesday, down 1 Yuan compared with last Wednesday.
Analysts attributed the lukewarm prices to the supply-demand equilibrium in the market, the high inventory and low consumption of coal in power plants stayed unchanged.
The coal stock in major plants in China's coastal areas hit an annual high while their consumption was the lowest year on record since 2013, resulting downward pressure on the price of power coal in the short term.
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