Coal fundamentals continue improving safety inspection or push coal prices
Time：2010-04-13 Read：1479second
Coal industry fundamentals continue to change for the better, but a period of 2 months of safe production in coal prices or push. Industry analysts believe that the current coal market conditions and are similar to 2008, coal prices are expected to rise in the next two months, more than 20%.
A clear upward trend in coal prices
Recently, this reporter was informed that the current priorities mixed Qinhuangdao Datong in Shanxi coal and coal blends settlement price remains the same priority, the maintenance of 730 yuan / ton and 680 yuan / ton. And to understand that prices in Hang Hau, the various kinds of coal remained unchanged in most areas, some areas of the coke and coal prices, which the southern suburbs of Shanxi thermal coal price the week up 1.1%, Hang Hau, 2 months for the first time up.
As of last week, Qinhuangdao port chain inventories decreased by 2.3% last week, reaching 7.9 million tons. Over the same period, the national direct supply power stocks continue to fall, days of inventory by the last week 13 days to 12 days, well below the historical average of 15 days over the same period.
"By the Datong-Qinhuangdao railway maintenance from April 1 for a period of 1 month of maintenance impact of the recent reduction in the amount transferred in Qinhuangdao port, coastal chain of coal freight index rose 6.5%, the third straight week of gains." Senior coal Experts Chao-lin said.
He told reporters that another important factor is the coal industry safety inspections. One of coal's central corporate executives with respect to the state from April 5 to the end of May for a period of 2 months of the national safe production, is expected to further affect the recovery of coal supply and production efforts in the future return to work.
In this regard, GF Securities analyst Chen Liang said coal, integrated Southwest drought, security, inspection and so many cases, the current coal market conditions and 2008 is very similar to the coal market has gained sufficient momentum, coal will the next two months jumped 20%.
Galaxy Securities analyst also believes that a clear upward trend in coal prices, coking coal prices in Q2 100-150 yuan may rise, power coal prices rose in May after the return channel.
Resources and more favorable tax reform introduced in the first half
However, the resources tax reform is still hanging in the coal industry, the head of 达摩斯利克 sword. Recently the Ministry of Finance said the timely introduction of this year, resources tax reform scheme, which will undoubtedly impact the formation of the profits of coal enterprises.
An authoritative source close to the coal industry association, told reporters the current coal market stable resource tax reform is the introduction of a suitable time. According to reports, resources and a clear vision of the three major tax reform that increased the scope of taxation, tax rate, collection methods, collect change from the amount levied ad valorem. However, the tax rate increase is uncertain, at least 3%, 5%, 10% of the three possible.
According to analysis, the current overall balance of supply and demand of coal, the price decline, stabilize, if the tax reform program introduced at this time, the market can accept. In this regard, the central enterprises of coal executives also said that comprehensive inflation macroeconomic situation, the first half of the program more favorable tax reform introduced a number of resources. (In the Xiang Ming)
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