Coal news and updates

China Taiyuan coal transaction price index stood at 138.93 points Monday, down 2.75 percent week on week.

 

The index, released by China Taiyuan Coal Transaction Center (CTCTC) based in Shanxi, a coal-rich province, reflects the coal price levels and changes in the main production areas of China. It is published every Monday.

 

Analysts said that industrial enterprises across the country have resumed work, and the coal sales in the production areas have been swift, supporting the continued increase in coal prices. However, with a rising cost of coal transportation in northern ports, coal-consuming companies mainly rely on the long-term contract. The coal transaction situation in the port market is inactive.

 

With more than 10,000 registered coal traders, the CTCTC is the largest coal trading center in China.

 

Source : https://www.hellenicshippingnews.com