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Coal is not short off the first half, second half of the season also busy
Time:2011-07-07   Read:985second  

Not short off season will be busy this year, the coal industry from start to finish may show prospects.
Industry experts yesterday told reporters that the second half of China's coal demand will show a gradual stabilization of the small fluctuations in the trend of development, coal prices will remain high hover, the annual coal industry optimistic.
Coal prices have been singing the first half of
Reporters noted that strong demand by the impact of the first half of the coal market is not short off-season, prices gradually rise. According to Huatai Securities (statistics, as of the end of June, compared with the beginning of thermal coal price index rose 8.2%, compared with the beginning of coking coal index 4.26%. PCI coal price index rose slightly 1.68%.
As of June 29, Bohai Bay area ports heat integrated steam coal 5500 kcal average price of $ 843 / ton, while the chain unchanged from last week, but since the beginning of the end of the March 23, rising for 14 consecutive weeks of the situation . Day, Qinhuangdao Port coal 5500 kcal positions offer excellent mix of Shanxi 840-850 yuan / ton, higher than the year 60-70 yuan / ton; compared to last year, up 100 yuan / ton.
"In short, can be described as the first half of the coal industry is not short off-season." Coal Transportation Association, an authoritative source told reporters that the second half of the season or still busy.
Be noted that the first half of the high price of coal abroad, thereby affecting China's coal imports, which boost the domestic coal prices.
Reporters learned that the first half, as Australia lost five years without flooding event, resulting in the first quarter of Queensland Coal Transport damage, while Queensland accounted for 50% of Australia's total output of bituminous coal. According to analysis, the flood led to the first quarter of the international coal supply and demand balance is broken. In addition, Japan Earthquake Reconstruction has also led to increased demand for coal power generation, international coal prices played a role in boosting.
"By many of the above factors, since December last year, international coal prices rose sharply in the first half coal prices continued to rise in recent months, including three ports in Europe, South Africa, Richards Hong Kong and Australia Newcastle Port thermal coal spot price hovering around the long-term 120 U.S. dollars / ton, with the domestic spread nearly 200 yuan / ton, which directly inspired the southeast coastal areas, especially domestic coal imports enthusiasm. "Chao-lin said a senior coal expert.
Second half of the coal market is still bullish
Concern is that coal demand is the main reason to support the coal industry, the industry believes that the coal industry, this trend will continue into the second half.
"From February 2010 onwards, coal production growth has been higher than demand growth. Demand growth since October 2010 has bottomed out, to May 2011 the growth rate reached 11.21%, higher than the corresponding increase in supply speed of 10.96%, indicating a strong recovery in industry demand. "Huatai Securities analysis said.
According to statistics, the first five months of this year, the national raw coal production reached 1.429 billion tons, up 11.64% compared to same period last year, the overall growth rate remained stable. But in May this year, "Mei Huang,", "power shortage" smarting. National Energy Board said that although the overall coal supply and demand balance will move, slightly loose trend of development, but some areas may still be present in the part-time song and the tight coal supply side of the uneven pattern of co-existence.
National Energy Board said that to ensure a stable supply of coal in the second half, to take various means, including the legally approved, the joint has been put into trial operation of new construction, expansion and transformation mine, with the acceptance criteria on the basis of organizing the project as soon as possible final acceptance, to promote the project put into operation.
Huatai Securities analysts believe that "by the power shortage in summer peak demand and other factors, thermal coal boom is expected to maintain. The scarcity of coal for coking coal and other protective development of the scarcity of coal prices will be a positive stimulus." (Read Yao)

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