BUSINESS China Taiyuan coal transaction price index down 0.34%

BUSINESS

China Taiyuan coal transaction price index down 0.34%

Xinhua

08:45, August 21, 2019

A worker carries out unloading operations at a coal plant in Ereenhot in the Inner Mongolia autonomous region. (Photo: Xinhua)

TAIYUAN - China Taiyuan coal transaction price index stood at 136.71 points Monday, down 0.34 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 the price declines came after coal consumption has peaked as the autumn is coming and power plants are destocking stored coal and currently have little interest in making large purchases.

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

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