Analysts predicted that coal prices would grow further in the coming months because of the nationwide safety check on coalmines caused by recently coal accidents. Meanwhile, power plans would start to pile up power coal for the peak season in summer.
Coal price at Qinhuangdao Port grows further
BEIJING, Apr. 20, 2010 (Xinhua News Agency) -- Spot coal price at Qinhuangdao Port, a major coal transit and trading center in North China, increased slightly in the past week on a 16.5 percent decline in coal stocks from the previous week.
(Source: iStockAnalyst )
According to statistics released by China Coal Transportation and Distribution Association on Monday, coal stocks at the Port has declined to 5.91 million tonnes by last Saturday because of less coal transported into the Port after the launch of one-month routine safety check on Datong-Qinhuangdao Railway in April.
Statistics showed that, price of Datong excellent mixed coal rose 5 yuan/tonne to 730-740 yuan/tonne, and that of Shanxi excellent mixed coal rose 10 yuan/tonne to 685-695 yuan/tonne. (Edited by Li Xiaohui, lixh@xinhua.org)