China coal prices continue to drop
China’s coal prices continued to drop this week, a key price index showed. The Bohai-Rim Steam-Coal Price Index, a gauge of coal prices in northern China’s major ports, fell 0.5 percent from a week ago to 601 yuan ($87.22) per tonne, according to Qinhuangdao Ocean Shipping Coal TradingMarket Co Ltd. It was the third straight week of price decline since the National Development and Reform Commission introduced measures to replenish coal supply as prices rose. Exchange Trading System. In China’s spot foreign exchange market, the yuan is allowed to rise or fall by 2 percent from the central parity rate each trading day. The central parity rate of the yuan against the US dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day.