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China Thermal Coal at Lowest Price Since 2009; Demand Drops

China’s benchmark price for power-station coal fell for a 12th week to the lowest level since 2009 as electricity demand slowed and hydropower output increased.

Coal with an energy value of 5,500 kilocalories per kilogram at the Chinese port of Qinhuangdao dropped to a range of 620 yuan ($97) to 635 yuan a metric ton as of yesterday, according to the China Coal Transport and Distribution Association today. The midpoint was 0.8 percent less than a week earlier and the lowest price since Oct. 19, 2009, data compiled by Bloomberg show.