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Top stories of the day: China power and coal ?Dec. 15

01.01.70

BEIJING, Dec. 15 (Xinhua) ? Top stories of China's power and coal industries on December 15 as follows:

1. China's power consumption rose 9.91 percent to 383.6 kWh in November from a year earlier, the slowest growth in three months, the National Energy Administration (NEA) said Wednesday.

The growth of electricity consumption, which is believed to be a key indicator measuring the economic vitality, was slower than the 11.35 percent in October and the 12.2 percent in September, but was higher than the 9.1 percent in August, according to NEA data.

In the first 11 months, electricity consumption amounted to 4.28 trillion kWh, up 11.85 percent year-on-year, the NEA said in a statement.

2. China's benchmark power coal price averaged 830 yuan/tonne in December 7-13, down 10 yuan/tonne or 1.2 percent from previous week, according to the latest Bohai-Rim Steam-Coal Price Index published on Wednesday.

China's benchmark power coal price has sustained week-on-week declines for five weeks running as of November 8 after staying at the historical peak level of 853 yuan/tonne for three weeks. The cumulative decline amounted to 23 yuan/tonne or 2.7 percent in the past five weeks.

Source: ElectroIQ