Against the backdrop of rising coal prices, the reporter was also informed on the 27th that Sino-Japanese thermal coal annual contracts were priced at US$115.5/ton, a 47% increase from last year.
International coal prices rose sharply
Due to the tight supply, international coal prices rose rapidly. Industry sources told reporters that according to data from the Global Coal Trading Platform, thermal coal prices in the Newcastle Port of Australia rose to US$108 per ton, up 8-9 US dollars per ton from last week. At the same time, thermal coal prices in South Africa and Europe also rose sharply, and they closed at US$98.67/tonne and US$88.46/tonne, respectively.
Also, market sources revealed that both China and Japan finalized the annual thermal coal contract price for 2010, and the contract price was determined at US$115.5/ton, up 47% from US$78.50/ton last year.
Although, "The current Sino-Japanese coal contract volume has not been determined and is expected to maintain the same level as last year, but the total will not be too much." Industry sources told reporters. According to the materials, due to the rapid recovery of domestic demand in China, the total coal exported by China to Japan in 2009 was 6.4 million tons, a sharp drop from 2008.
However, it is certain that due to the demand for thermal coal in India and Asia, this week the prices of thermal coal in the three major ports of the international market rose again after a slight downward consolidation last week, setting a record high since the global financial crisis.
The domestic market is expected to follow up steadily
It is worth noting that the international coal market is booming, coupled with the continued decline in domestic port coal inventories and the limited growth in coal supply throughout the country, making domestic coal prices steadily follow up.
This reporter learned that Qinhuangdao Port main varieties of coal closing prices rose 5-10 yuan / ton, of which as of April 26, the calorific value of 6000 kcal / kg of Datong excellent mixed offer quoted at 745-755 yuan / ton.
In addition, the price of coal in Datong, Shanxi, has recently increased by 5 to 465 yuan/ton, and the price of coal in major regions in the country has also risen to a certain degree in Northeast China, East China and Central and South China.
At the same time, coal inventories at Qinhuangdao Port and SDIC Jingtang Port have decreased significantly. As of April 27, Qinhuangdao Port had only 4.83 million tons of coal inventories, a substantial decrease of nearly 40% from the previous high. As of April 25, the coal port of the SDIC Jingtang Port was 1.27 million tons, which is the lowest since late February of this year.
“Changes in coal prices and inventories are indicative of a strong rise in the coal market.†Senior coal expert Li Chaolin told reporters that, apart from the increase in coal demand caused by droughts in five southwestern provinces, safety inspections and other factors have resulted in limited coal supply growth, which is an impact. The main cause of the coal market.
In fact, just in the middle of this month, Hou Wenjin, deputy inspector of the Shanxi Coal Industry Bureau, said that with the arrival of coal peaks for electricity use in the summer and increasing output of coal, the country’s coal supply will be likely to occur in some areas in the near future. Tightening phenomenon.
The reporter noted that in the first quarter, the country’s coal production capacity increased by 174 million tons, of which Shanxi completed 160 million tons of raw coal production, an increase of 50.45 million tons, an increase of 45.86%. Hou Wenjin believes that in terms of data, coal supply growth has reached its limit.
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