Since entering October, the main place of origin, transit and consumption in thermal coal prices generally rose in varying degrees. As of November 8, 6000 kcal Datong, Shanxi thermal coal price per ton rose not included pit 25 yuan, the Qinhuangdao Port coal price per ton rose 70 to 85 per month, Guangzhou, Hong Kong 5500 kcal excellent mix of coal, 5000 Great mix of coal price per ton of calories were up 70 yuan and 105 yuan.
Period of time before the domestic coal price affected by various factors. As the overall situation of the domestic coal market to maintain the basic balance of supply and demand, therefore, under normal circumstances, these factors for some time the impact on domestic coal prices will be gradually reduced, the pace of domestic coal prices will gradually slow down. However, quantitative easing in Fed monetary policy after the restart, including crude oil, coal and other international markets, including commodity prices may continue to rise, so for some time, the international coal market, the impact of inflation on the domestic coal prices may vary enhanced.
International coal price is mainly through the "suppression" of Chinese coal imports thereby pushing domestic coal prices. Monthly import volume of coal this year at 1100 million tons. Both for the domestic coal market, or for the international coal market, this number is not inconsiderable.
If true for some time as the international market, international coal prices rising commodity prices, that will no doubt bring more of the domestic coal prices. However, with the 2007-2008 round of the first half of the international coal prices that rose sharply compared to the current domestic economic environment has undergone significant changes. China 2007 GDP growth rate reached 13.3% in first half of 2008 GDP growth rate of 11.0%. And the current world economy is still in the slow recovery process among China's economic growth rate has slowed down. In the elimination of backward production capacity, energy conservation and a series of control policies, China's rapid development momentum of high energy consuming industries are also subject to certain containment. Thus, in 2007 and 2008, the difference is, when there was a substantial future international coal prices rising, we have more room to calmly.
First of all, the most important thing is to protect the domestic coal market stable supply, efforts to bring domestic coal market supply and demand to maintain a more relaxed situation.
As international coal prices, imports may be somewhat lower, the relative demand for domestic coal market will further increase. And near the end of the year, some enterprises, especially state-owned coal enterprise, the basic completion of the annual production and ensure safety in coal mines is currently the case, may be consciously slowed down the pace of coal production. But this time, the coal companies should continue to maintain coal production efforts to ensure the stable supply of coal, stable coal market.
Second, railways, ports and other relevant departments to continue to improve coal transportation, working level of protection to ensure smooth flow of coal distribution channels.
International coal prices led to decline of coal imports, the first affected in east and southeast coastal areas, the region is transferred to the main coal areas. To safeguard a stable supply of coal in these areas to maintain smooth operation of the coal market in rail transport bottlenecks still exist, the railways, ports and other departments to try to improve coal transportation, working capital efficiency, and ensure effective supply of coal.
Finally, the international coal prices may increase to some extent on the domestic market is expected to rise in coal prices, however, when necessary, national authorities may also take measures for effective management of market prices and relieve the domestic price of coal rising expectations. (LI Ting)