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[Ferro-Alloys.com] China's benchmark power coal price dropped slightly during the past week.
The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge of coal prices in northern China's major ports, stood at 526 yuan (about 74.2 U.S. dollars) per tonne Wednesday, a drop of 4 yuan week on week, according to Qinhuangdao Ocean Shipping Coal Trading Market Co. Ltd.
Analysts said there have been many negotiations on coal trading of the Bohai-rim ports recently, with some positive signals appearing in the thermal coal market, which has slightly improved the market sentiment.
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