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SHIJIAZHUANG, Aug. 21 (Xinhua) -- China's benchmark power coal price remained flat during the past week.
The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge of coal prices in north China's major ports, stood at 576 yuan (81.6 U.S. dollars) per tonne Wednesday, according to Qinhuangdao Ocean Shipping Coal Trading Market Co.
Analysts said China's ports and power plants are destocking their high levels of stored coal, resulting in weak demand in the coal-producing regions.
Released by the Qinhuangdao Ocean Shipping Coal Trading Market Co. every Wednesday, the BSPI is a leading indicator of China's coal prices.
