The index, released by China Taiyuan Coal Transaction Center (CTCTC) based in Shanxi, a coal-rich province, reflects the coal price levels and changes in the main production areas of China. It is published every Monday.

Analysts said that the recent daily consumption level of coastal power plants is generally low and the inventory of these enterprises has remained relatively high, thus the demand is limited and the coal price has dropped slightly.

With more than 10,000 registered coal traders, the CTCTC is the largest coal trading center in China.

According to data of AISI, in the week ending on October 31, 2020, US domestic raw steel production was 1,557,000 net tons while the capability utilization rate was 70.4 percent. Production was 1,805,000 net tons in the week ending October 31, 2019 while the capability utilization then was 78.0 percent. The current week production represents a 13.7 percent decrease from the same period in the previous year. Production for the week ending October 31, 2020 is up 1.0 percent from the previous week ending October 24, 2020 when production was 1,542,000 net tons and the rate of capability utilization was 69.7 percent.

• [Editor:kangmingfei]