After 16 weeks the decline in power coal price finally stabilized stabilized. March 14, 5500 kcal of thermal coal in the Bohai Sea to close at 773 yuan / ton, compared with the previous week the average price of 1 yuan per ton, or 0.12 percent.
Commerce Circulation Productivity Promotion Center of coal analyst Lee Jeong said that although coal prices have rebounded, but the slowdown in domestic macroeconomic growth, coal production is sufficient, and the ports and key power plant inventories remained at a high level of coal prices rise magnitude will not be much.
In addition, the decline in the volume of coal imports, but also boost the power coal prices stabilize. Shan xi in charge of Lu'an Group, sunshine International Trade Co., Ltd. coal trade, told reporters that most of the trading companies to import coal business generally in March launched a large scale.
Lower imports boost coal prices stabilized
Chairman Lee said that the factories and enterprises in February return to work, social generating capacity and coal consumption has rebounded significantly. February, pull the amount of coal did not significantly increase the focus of power plant coal storage must decline. As of February 20, key power plant coal inventory total to 74.45 million tons, a decrease of 6.33 million tons compared to the end of January.
In addition, in February, the decline in imports of coal, domestic coal prices stabilized stabilized played a role in boosting. Compared to more than 26 million tons of imports in November and December last year, coal imports in February this year, only 20.55 million tons.
Jian-Jun Su told reporters that their imports of coal trade generally will only commence after March. "General May and June is the peak of imported steam coal trade. Coking industry to limit production, steel consumption decreased imports of coking coal is also no market." He added.
Callback rate will be limited
Datong-Qinhuangdao line spring overhaul imminent, power coal callback to give some support. But Lee Jeong also analyzed, as the country down the economic growth target this year to 7.5 percent, has become an inevitable slowdown in economic growth, combined real estate continue to control, which makes the demand for energy, especially coal demand slowdown, power coal callback rate is not too large.
Jian-Jun Su, said April's imports of coal trade will soon start trading company imports coal quantity will also enhance the impact on the domestic market price of coal will be gradually revealed.
Chairman Lee also believes that the price factors, the amount of imported coal in China will maintain a high level in the coming months, an will continue to maintain growth momentum. (Also red)