January 13 morning news, this week, the Bohai Sea thermal coal price index for the continuation of 5 weeks of declines, the index fell to 776 yuan integrated average price / ton, down more than 2010 high point of 20 yuan / ton.
Decline unabated coal power
This week, as the market leader in Qinhuangdao China's coal market momentum is still downward trend in coal prices. 4500,5000,5500 kcal coal heat are 595-605 yuan / ton, 680-690 yuan / ton and 775-785 yuan / ton, fell 5 yuan / ton, coal is 5800 kcal heat continue to maintain last week 830-840 yuan / ton price level.
Thermal coal price index for the Bohai Sea current average price of 776 consolidated yuan / ton, the prices have dropped five consecutive weeks to maintain momentum, although the small decrease, but "buyer's market" situation has not changed.
"Coastal areas of coal production, business and consumer business-to-winter peak performance of Coal City has lost confidence." Senior analyst Li Xuegang that the coal industry, affected by the recent sale of major coal prices soaring, the domestic power coal prices continue downward spiral .
It is reported that three international coal price index last week, prices were mixed. Australian coal NEWC index rose to 129.9 U.S. dollars / ton, up $ 1.4 the previous week; South Africa RB coal index dropped to 125.16 U.S. dollars / ton, down $ 1.69 the previous week; European DES ARA coal prices index fell to 129.5 U.S. dollars / ton, down $ 1.55.
"Despite rising international coal prices could boost domestic coal supply and demand, but short term impact is difficult." Li Xuegang think.
However, coal sales prices and the weak state of the port by contrast, coal prices in Shanxi origin consecutive month of decline, the January 11 in Shanxi coal prices rebounded. According to the different origin and species, the rate of increase in the 3 yuan / ton -5 yuan / ton. Meanwhile, Shaanxi, northeast China's coal price rise in different degrees.
Port coal stockpiles decline trends do not change
Last couple of weeks, the Qinhuangdao Port coal stockpiles remain at 6.955 million tons daily, ring the previous week (6.955 million tons) of coal stocks fell 1.15%. As of January 12, Qinhuangdao Port coal stockpiles to 7.038 million tons, 6.266 million tons over last year's 10.97% growth in coal stocks, coal demand in early as last year.
The other two ports in the Bohai Sea (Jingtang Port, Caofeidian port) coal stocks continued to decline, as of January 12, Jingtang Port coal stockpiles of 296 tons, compared to Caofeidian port 1.86 million tons. The three major transit port in northern chain of coal stocks fell to 111.858 million tons down to 3.83.
Ushered in a long absence, rising sea freight
Sea freight from domestic coal October 27, 2010 shot up, began to fall straight into the channel. But it is worth noting that the coal port group around Bohai sea freight prices this week there are signs. January 12, 2-3 million tons of ship in the region to Shanghai, Zhangjiagang, Guangzhou ocean freight of coal was 45 yuan / ton, 47 yuan / ton and 76 yuan / ton or 4.65%, respectively, 2.17% and - 2.56%, to Guangzhou to Hong Kong shipping prices than the Central direction down 2 yuan / ton.
Mixed sea freight, or indicates that coal prices stable, the possibility of weaker demand for coal decreased.
The consumer of coal prices, the Guangzhou Port, Ningbo Port coal prices have remained unchanged. East along the main power plant to stabilize coal prices bottomed last week the last 50 days, the overall decline in coal power plants in the region range up to 23 yuan / ton, east of low demand for coal in power plants to stabilize.
Li Chaolin coal industry analyst believes that the National Coal City run in 2011 will be more stable price of coal will reduce the range of ups and downs, the overall price level will be higher than the average price level in 2010, estimated price increase of 3% or more.
Li Chaolin 2011 Qinhuangdao Port coal 5500 kcal high heat at 720 yuan / ton -820 yuan / ton floating. (Mining Feng)