Recently, coal prices continued to rise. National Development and Reform Commission (NDRC) issued a document that 22 again, the coal industry should strengthen its self-stabilizing and strictly perform the contract, shall not restrict the coal out of the province, efforts to guarantee a stable supply of coal.
Our survey showed that last week, transit coal prices continue to rise, the highest price has been a breakthrough year, the highest price in the year to run. Current domestic coal prices have been higher than international coal prices. Although two recent NDRC statement, control contract coal price increases, stable coal prices, while the State Council also issued 16 measures to stabilize the price of living, but we believe that international energy prices high, and continue upward trend Next, stand alone hard to control the coal and other energy prices soared.
The current market price of coal by the greater impact of international liquidity-driven, global energy prices and the domestic diesel shortage and so there are boosting coal prices.
There is no doubt continue to rise in coal demand for power plants and other downstream industries will lead to even greater pressure. The previous discussion raised residential electricity prices, estimated price stability will be affected by the current policy because of the impact of slowdown is expected to plant profitability will be affected.
In addition, Baosteel, said recently that the energy conservation task has been completed, and the recent iron ore sea freight to Shanghai there have bottomed signs, which makes Qinhuangdao - Shanghai coal freight picked up along the coast. With Baosteel position, expected that other areas of high energy-consuming industries will be announced in the fourth quarter level of emission reduction task is completed. Completed ahead of the high energy saving in the mission area of coal and other energy-consuming industries will drive up energy consumption, and this will further promote the coal prices. We expect the fourth quarter of this year, coal prices will remain high mainly coal prices report will show a good answer. (Seoul Lu)