China's benchmark power coal price remains flat

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 northern China's major ports, stood at 544 yuan (US$79.69) per tonne Wednesday, according to the Qinhuangdao Ocean Shipping Coal Trading Market Co Ltd.

Analysts said that the price of the coal in the Bohai Rim region was influenced by many factors, the trade between the trading parties tended to be white-hot and the spot market was in the price selection period, resulting in the BSPI being flat for three consecutive weeks.

Released by the Qinhuangdao Ocean Shipping Coal Trading Market Co Ltd every Wednesday, the BSPI is a leading indicator of China's coal prices.