July 13 morning news, "2011 Northeast Asia Coal Trade Fair" held in Dalian. China Coal Transportation and Marketing Association, Dong Yue Ying introduced the end of June the stock key coal power plants has been the number of days from March 13 to rise to heaven 18 days, coal tensions eased. Platts-week small art market analyst believes that China's coal price will fall short, but long-term is still bullish.
Most provinces in the first quarter of China's double-digit GDP growth for the first five months of industrial electricity consumption increased by 11.5%. Among them, the amount of electric power industry, coal cost about 8.7 million tons, up 19.9%; iron and steel industry, coal consumption was about 240 million tons, up 25.6%; building materials industry, the coal consumption is about 190 million tons, an increase of 11.6%. Driven by economic growth, increasing coal supply and demand, under-fired power plants, a time shortage, Mei Huang, a media hot words.
Dong Yue Ying introduced in the first half Mei Huang is mainly caused by demand pull. Data show that in the first five months of coal production continued to maintain double-digit growth. However, a substantial increase in production is still not fully meet the demand, rising coal prices in China during the first half. Until June 29, the Bohai Sea coal price index overall average price of $ 843 / ton, ending 14 consecutive weeks of increases. Zhou small art analysis, and coal stocks rose a great relationship.
"The current coal inventory basically at normal levels in previous years." Dong Yue Ying said that after the efforts of various departments, the current focus on power generation business inventories had climbed to 64.34 million tons, up 16.6 percent over the beginning; the main port of inventory turnover reached 23.95 million tons, compared with year increased by 22 million tons, an increase of 0.9%. Coal inventory to increase to curb price increases, Yi Zhou small short-term forecast prices will fall.
But she also said that this decline is not sustainable, is expected to the third and fourth quarter, India, Japan will return to the international coal market competition for resources, in addition, Chinese buyers are usually stocking in October, while the increase in demand will drive coal prices.
Dong Yue, the context of countries to speed up the adjustment of economic structure, change the mode of economic development, promote energy conservation, coal demand growth will slow down. Meanwhile, the national coal production and resources will maintain a rapid growth momentum is to meet the overall demand.
"But by the structural surplus and regional impact of the tight situation, if the sharp fluctuations in economic growth, tight coal supply will be apparent." Dong Yue Ying said. (Modesty)