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Friday, 03 April 20
CHINA'S BENCHMARK POWER COAL PRICE DROPS SLIGHTLY - XINHUA
China’s benchmark power coal price dropped 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 546 yuan (about 76.9 U.S. dollars) per tonne Wednesday, a drop of five yuan week on week, according to Qinhuangdao Ocean Shipping Coal Trading Market Co. Ltd.
 
Analysts said given that the supply elasticity of thermal coal was significantly higher than the demand elasticity, the contradiction between supply and demand of domestic thermal coal was prominent, which also led to the continued downward movement of coal prices.
 
The recovery of the thermal coal industry chain was facing challenges, which was the reason why the contradiction between high inventory and destocking demand at ports would be further deepened.
 
At present, the spot price of thermal coal has fallen below the long-term agreement price. With the global outbreak of COVID-19, the financial market has suffered a severe setback, adding to the pessimism in the market, according to analysts.
 
Released every Wednesday, the BSPI is a leading indicator of China’s coal prices.
Source: Xinhua


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Tuesday, 18 December 18
TOBA BARA ACQUIRES SHARES OF PT BATU HITAM PERKASA
PT  Toba  Bara  Sejahtra  Tbk,  through  its subsidiary PT Toba Bara Energi (“TBE”), has acquired shares ...


Monday, 17 December 18
SUPRAMAX THERE WAS STRONGER DEMAND FROM SOUTHEAST ASIA, WITH MORE COAL BEING SHIPPED - BALTIC BRIEFING
Capesize A positive end to last week after a somewhat uncertain start as some gains made were eroded. Rates recovered later for West Australia/ ...


Monday, 17 December 18
SOUTH KOREA STATE-OWNED UTILITY KOREA EAST-WEST POWER CO. LTD ISSUED A TENDER FOR MAX 3.220 MILLION TONS OF 4200 TO 5900 NAR COAL
COALspot.com: South Korea state-owned utility Korea East-West Power Co. Ltd (EWP) issued a tender for max 3,220,000 Metric Tons of coal to be loade ...


Saturday, 15 December 18
COMING CHANGES IN MARINE FUEL SULFUR LIMITS WILL AFFECT GLOBAL OIL MARKETS - EIA
International regulations limiting sulfur in fuels for ocean-going vessels, set to take effect in January 2020, have implications for vessel operat ...


Friday, 14 December 18
KOSPO INVITED BIDS FOR 320,000 MT OF LOW CALORIFIC VALUE COAL
COALspot.com: South Korea state-owned utility Korea Southern Power Co. Ltd (KOSPO) issued a tender for 320,000 MT of min 4,300 kcal/kg NCV coal per ...


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