News & Events
October 20th, 2010
By Bloomberg News - Oct 13, 2010 3:53 PM GMT+0700
Weekly coal prices at Qinhuangdao port, a benchmark in China, extended gains as power plants stockpiled fuel before increased winter demand.
The price of power-station coal with an energy value of 5,500 kilocalories per kilogram rose 1.4 percent to between 725 yuan ($109) and 735 yuan a metric ton as of today compared with Sept. 29, according to data from the China Coal Transportation and Distribution Association.
The government started today an index that tracks power- station coal prices at six major Chinese ports. The weekly Bohai-Rim Steam-coal Price Index, or BSPI, climbed 1.3 percent to 725 as of today from Oct. 6, the association said.
--Winnie Zhu. Editors: Ryan Woo, Jane Lee.