Qinhuangdao Port coal power decreased slightly: Qinhuangdao Port coal spot prices this week, the seventh consecutive week of losses almost equal to the spot price of the NDRC of 5500 kcal limit of 800 yuan / ton. Recent international force to stabilize the price of coal is expected with the decline in domestic coal spot price of coal at home and abroad will gradually reduce the spread of coal imports into the water for domestic coal market impact will be reduced. In addition coal is still the traditional winter season, there being downstream of the coal demand is expected to support the next quarter we will continue weak thermal coal down the real challenge may come from March and April next year if there are cliff-style economic decline.
Coal producing stable prices remain weak this week to continue. Metallurgical coal in steel production down by the lower limit of coking enterprises affect the demand for coking coal production price down. Coking coal, although the recent order of 12 years will determine the focus of the contract price of coking coal prices were flat in the short term and 11 years to support the formation of the spot price, but we expect the international coking coal by falling demand and falling prices affect the domestic coking coal prices still downside risks.
Part of the coke business shutdowns resulting decrease in the supply of coke prices have stabilized recently. We believe that increased demand for funds by the end of the market potential for further lowering of expectations and the credit is expected to be released next month in a positive stimulus to the market next quarter, but demand is still declining trend of opportunities still waiting for the trend.