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China benchmark power coal price extends losses

2015-10-15 09:43

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China's benchmark power coal price dropped 9 yuan/tonne to average at 387 yuan/tonne in September 30-October 13, according to the latest Bohai-Rim Steam-Coal Price Index published on Wednesday.

China's latest benchmark power coal price was 21 percent lower from that in the same period of 2014. Leading coal miners Shenhua Group, China National Coal Group, Datong Coal Mine Group and Inner Mongolia Yitai Coal Co., Ltd. jointed a race to trim coal prices recently due to tepid market demand. The Bohai-Rim Steam-Coal Price Index covers spot prices at six major coal shipping ports in northern China.

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