Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road
Economy

China's benchmark power coal price edges up

February 04, 2021


Abstract : China's benchmark power coal price rose during the past week.

SHIJIAZHUANG, Feb. 3 (Xinhua) -- China's benchmark power coal price rose 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 619 yuan (about 98.52 U.S. dollars) per tonne Wednesday, a rise of 24 yuan week on week, according to the Qinhuangdao Ocean Shipping Coal Trading Market Co. Ltd.

Due to warmer weather and the upcoming Spring Festival holiday, power plants have eased their demand for coal, with the daily coal consumption seeing a marked decrease, analysts said.

But coal prices posted big rises week on week over medium and low inventory levels and better prospects for work and production resumption after the Spring Festival holiday.

Released by the Qinhuangdao Ocean Shipping Coal Trading Market Co. Ltd. every Wednesday, the BSPI is a leading indicator of China's coal prices. Enditem

Scan the QR code and push it to your mobile phone

Keyword: power coal

Reading:

Chinese conventional carmakers join hands with tech giants to inaugurate new development pattern

Tesla China supercharger factory starts production

China Mobile opens second European data center in Frankfurt

China sees increasing industrial robot output in 2020

Interview: China's Q1 GDP likely to log double-digit growth

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial