Seasonal Factors Pushed Up The Price Of Coal Or Re

Article by jekky

Development and Reform Commission has said the limit has an impact on coal, coal prices rose in April this year, the first time since fall. Analysts said that the current tight supply situation still exists, and seasonal demand for coal may again push up the price of coal. Coal price stabilization Although the NDRC hit by two limit policy, Qinhuangdao coal prices fell in a row, the heat is 6000 kcal / kg of Datong excellent mix from the highest 1010-1040 yuan / ton, down from 940-1010 yuan / t; fat calories 5500 kcal / kg Shanxi excellent mix from the highest 940-970 yuan / ton, down to 860-930 yuan / ton. The reporters found, according to data provided by Coal Marketing Association this week, no further extension Qinhuangdao prices down, and the calorific value of coal of different maintained last week’s price decline has stopped, the price significantly stabilized. Similarly, international coal prices were stabilized. Early July to early August this year, Australia’s Newcastle port coal FOB price drop for 4 weeks, from July 4 to 194.79 U.S. dollars / ton minimum down to 150 U.S. dollars / ton, down nearly 45 U.S. dollars, up 23.1% decline. But with the Indonesian government halted exports of the six coal companies, a substantial increase in China’s coal export tariffs, international coal prices took a dramatic turn and began the steady rise of recent Newcastle port coal FOB price of 162 U.S. dollars / ton floating. In response, Orient Securities analyst Wang Shuai coal, said recently as China, Indonesia, Vietnam, the world’s largest coal-producing countries have introduced measures to tighten export of coal, while Australia’s coal exports decline due to weather factors, leading to the international coal market increasing trend of tightening supply-side, leading to the recent rebound in the international coal price. Liang Ping An Securities researcher believes that 120 U.S. dollars / ton, or into the bottom line of international coal prices, while China will raise export tariffs on 10% of steam coal, while in fact the international coal prices pushed up 10%. Seasonal demand will now Summer and winter season are all annual coal demand, while demand for a relatively small spring, there will be increased coal inventory, prices fall slightly in the case. It is reported that the recent Qinhuangdao, Guangzhou, Hong Kong stocks were up 7.17 million tons of coal, 213 million tons over last year’s substantial increase in inventories, which according to experts in the coal trade description Huang Teng, Hong Kong stocks up 7.5 million tons in Qinhuangdao on the need for the Port in. China Coal Transportation Association Deputy Secretary-General Liang Dunshi that this is due to a seasonal decrease in demand of coal, due to reduced trading volume. In fact, the pressure of coal in the port in Hong Kong, while there are still some areas of the plant is running low inventory, the overall supply and demand of coal, “tight balance” the state has not been resolved. Shuai said the price drop early Qinhuangdao major policy limit the role of the state, if not to limit, the current price of Qinhuangdao perhaps 1,300 yuan / tons. The policy also resulted in Qinhuangdao price limit is no longer reflect the market’s volatility, not comparable. He believes that if the price fell below the national limits Qinhuangdao 860 yuan / ton in order to determine the market inflection point occurs. Market participants that the current easing of supply and demand largely due to the transition period from summer to winter seasonal decline in demand of coal, but with winter approaching, the demand for heating coal storage will again raise the coal demand, supply and demand, “tight balance” will be more tight, and the winter market, a further increase in coal prices is no doubt. However, the Great Wall Securities analyst, said the tension of coal in winter may be lower than the summer, he told reporters that the price of coal will loose some of 9,10 months, in winter with the increase in production, supply and demand will be relatively mild. Liangdui Shi said that the future price will be basically stable and unlikely to rise again, but not lower.

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