China Daily reported that China's benchmark price for power station coal fell for a ninth consecutive week, the longest period of losses since 2008, as slowing economic growth and increased use of hydropower slowed electricity demand.

According to data from the China Coal Transport and Distribution Association, coal with an energy value of 5,500 kilocalories per kilogram fell to CNY 645 to CNY 660 per tonne.

The association said the average price was 2.6% less than the previous week and the lowest since November 16th 2009.

Source - China Daily

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