China’s Benchmark Power-Station Coal Price to Stay Flat in 2026

China’s long-term benchmark power-station coal price for 2026 has been set at the same level as this year, according to traders with knowledge of the matter.

Miners and utilities agreed on a price of 675 yuan ($95) a ton, said the traders who asked not to be named disclosing private information. The rate is used to determine the price of coal sold to power generators in annual contracts, around three-quarters of their total purchases, and also influences trading in the spot market.