Minister of Finance Xie recent interview, said the resource tax reform will be fully implemented in the next five years. Experts believe that the resource tax reform lead to increased cost of coal resources, coal will inevitably push prices up, while domestic coal prices may in turn change the import of coal for domestic buyers turn away from the status quo.

Coal resource tax push

        Due to power generation, steel and other industries are closely linked, coal resources tax reform tax reform has long been known as the most complex part. Energy information provider Platts expert Michael Cooper yesterday received the "Business News" interview, revealed that China had planned to January 1, 2011 imposed a 5% of the coal resource tax, but also the State Development and Reform Commission did not release the news to him a coal dealer predicted that the tax may be imposed after the Spring Festival, which may lead to 5% increase in coal prices, making imports of steam coal to China more attractive to buyers.

        Michael Cooper to the data provided, the current 6000 kcal Qinhuangdao Port coal's open offer for 835 ~ 845 yuan / ton (about 126 ~ 128 U.S. dollars / ton), 5500 kcal of coal open offer for 785 ~ 795 yuan / ton (118 to 119 U.S. dollars / ton). While those from Australia and thermal coal FOB Richards Bay was 113 U.S. dollars / ton, FOB Indonesia 114 U.S. dollars / ton. The count of 17% as VAT and freight, but also increase the price of thermal coal in Australia 15 U.S. dollars / ton.

       This shows that the majority of imported steam coal price is not dominant in the domestic power companies still tend to purchase relatively inexpensive domestic thermal coal. But if the coal resources tax will push up coal prices by 5% or shifts in market conditions.

        Yanzhou Coal Mining Co., Ltd. Deputy General Manager Zhang was told this newspaper that the resource tax reform from a "taxable amount" to "ad valorem", is bound to increase coal production costs. Therefore, in order to maintain the necessary margin, coal prices are inevitable. However, Yanzhou Coal Mining Company and other large listed companies and enterprises of many central angle of the coal resources tax reform could improve industry access threshold, thus the lack of cost control and some of the small coal companies out of business.

        "Resource tax reform will certainly be short-term coal prices have an impact, but in the long run, companies can increase the price transmission mechanism part of the cost will be transferred to the middle and lower reaches, but this will increase the prices of specific products, which weakened to some extent the competitiveness of domestic coal, increasing the number of imported coal. "Zhang told the newspaper only.

Resistance of imported coal

        Resource tax is expected, did not make coal traders very happy.

        "At this stage the most difficult thing for me is the weak demand in the coal market, one is a drop in demand because of the forthcoming Chinese New Year, on the one hand is the current inventory warehouse full of coastal power plants." Qinhuangdao coal market, general manager Li Xuegang told this newspaper, from a macroeconomic surface, the current state of economic development has been changing, speed up economic restructuring placed in an important position, energy consumption growth will gradually slow down, which could suppress the market demand for energy, including coal.

        According to Michael Cooper introduced, many thermal power plant in southern China has not shopped shipping coal spot, while imports of coal in the region has always been a major demand areas. Freezing rain and snow in southern China weather will push demand for electricity, coal supply shortages led to some power plants, but this only part of the thermal power plant. China's major coal power plants at present the average number of days available inventory close to 15 days, even if there is a shortage of central part of the region, such as Henan, Anhui and other places, the number of days inventory is also available 7 to 10 days. He also disclosed that the Chinese market demand is relatively weak, the Korean market is relatively active, some wanted to sell coal to China, South Korea international inquiry forward sale of the seller