Coal October or Price Increase Quotes

“Last month, the coal market was not good, so the attitude of the thermal power plant was relatively tough. Let us either accept the offer of RMB 705/ton or not, and yesterday, the attitude of the thermal power plant changed, and we quoted 715/ton. Prices are under consideration.” The person in charge of a state-owned coal distribution company interviewed this reporter yesterday and said that the inventory factors driving the continued decline in coal prices are gradually being eliminated. In September, coal prices may stabilize and may be in October. Ushered in a brief rally.

August is not busy during the peak season

The coal market in 2010 was actually somewhat abnormal. The balance maintained by the coal industry in the first half of the year was broken in July, and the situation of “not booming” continued until the end of August.

Qinhuangdao Coal Network's data shows that as of the last week of August, Qinhuangdao 5800 kcal thermal coal price is 760-770 yuan / ton, 5500 kcal thermal coal price is 715-725 yuan / ton, 5000 kcal power The price of coal is 615-625 yuan/ton, and the price of 4500 calories is 540-550 yuan/ton, which is 5 yuan/ton lower than the general price.

The Qinhuangdao Port coal price is a “wind indicator” for the Chinese coal sales market. The reporter learned that from the end of July to the present, the thermal coal price in the Qinhuangdao port market has declined for five consecutive weeks.

The person in charge of a state-owned coal distribution company told reporters that the high inventory of power plants was the direct cause of coal prices “not booming”. In order to protect the Expo's electricity use, Huadong Power Plant had previously increased its inventory. In July and August, thermal coal inventories of major power plants averaged 20 days, far higher than the safety level of 15-18 days, and even higher than the normal level of 7-8 days.

In addition, the energy-saving emission reduction started in April of this year and the elimination of backward production capacity also contributed to the reduction of coal prices.

Coal prices are expected to stabilize in September

However, the above-mentioned person in charge of the state-owned coal circulation enterprises believes that the inventory factors that drive the continued decline in coal prices are gradually being eliminated, and the coal price may stabilize in September. He told reporters that at present the thermal power plant has accepted bargaining, and last month, the thermal power plant's attitude is that we either accept 705 yuan / ton, or do not sell.

In addition, shipping prices, one of the leading indicators of coal prices, have bottomed out. According to data from the Qinhuangdao Coal Network, at the end of August, shipping rates of 20,000 tons to 30,000 tons, Qinhuangdao Port to Shanghai, Zhangjiagang, and Guangzhou were 29 yuan/ton, 32 yuan/ton, and 55 yuan/ton, and the general increase was 1 yuan. /Ton.

The person in charge said that in September, the Daqin Line will start a 20-day overhaul, with overhauls for four hours a day. China’s relevant departments will conduct special inspections on resource-integrated technological upgrading of coal mines, thus affecting coal supply. Since the beginning of October, northern user companies have entered the peak of winter coal storage. These factors will coincide in the short-term and will push coal prices temporarily.