Coal news and updates

China Taiyuan coal transaction price index stood at 152.95 points Monday, up 6.04 percent week on week and marking a consecutive rise for five weeks.

 

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 terminal coal-consuming enterprises have strong purchasing needs, but the domestic security and environmental protection inspections have not diminished as some mines have been suspended for maintenance. The limited growth of thermal coal supply and traders’ reluctance to sell pushed the coal prices to rise.

 

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

 

Source : https://www.hellenicshippingnews.com