Coal news and updates

China NDRC releases monthly power coal price indices

China has released the first monthly national and regional price indices for thermal coal used for power generation on a trial basis, aiming to better reflect market changes of the fossil fuel and provide guidance to coal miners, end users and related government authorities.

The indices, initiated by the National Development and Reform Commission (NDRC) and compiled by nine industry information providers including China coal resource (http://en.sxcoal.com), assess the delivered prices of domestic 5,000 Kcal/kg NAR coal to power plants on a monthly basis.

The indices, which included a national index and 32 regional indices covering 30 provinces, are based on prices from over 1,600 firms, covering main power firms, coal mining companies, transfer ports and traders.

The index series are available on the website of the NARC’s price monitoring center and the websites of all the nine information platforms, and are expected to be officially released from January 2016, following trials in the last five months of 2015.

In August, the national index for domestic 5,000 Kcal/kg NAR coal was assessed at an average of 340.79 yuan/t with VAT, delivered basis, falling 7.31 yuan/t on month.
 
As China's premier coal industry information provider, China coal resource has been providing intelligence and insight for the industry for 18 years, with independent market analysis and price indices better assisting industry players to understand the market dynamics and make decisions wisely.

The Fenwei CCI index series assess the Chinese domestic and import markets on a daily basis, based on first-hand information collected from market participants in the world's top coal producer and importer.

source: http://en.sxcoal.com