The second quarter, China's coal supply and demand will continue to maintain the overall balance of the relatively relaxed posture. "Wang Xianzheng, president of the China Coal Industry Association, said the first quarter of this year, the coal market demand declining growth rate in the second quarter of coal enterprises to be highly concerned about the coal production increase slower demand growth and market trends, the proper regulation and control production according to market demand, to prevent big ups and downs in the market.
Wang Xianzheng pointed out by the multiple factors of the global financial crisis, debt crisis in Europe since the fourth quarter of last year, China's economic growth downstream coal market demand, the growth rate down. In addition, minor adjustments to the price of steam coal, coking coal prices continued to decline, the stock transfer to the downstream enterprises increase in accounts receivable run trend.
According to reports, the first quarter, the national coal production of 838 million tons, an increase of 5.8%; two months before the cumulative net imports of coal and lignite 37.98 million tons, an increase of 62%. At the same time, the increase in coal demand drop. According to statistics, two months before the national thermal power generation capacity, pig iron, cement and other products output growth somewhat lower than in December last year, coal demand growth down.
Below this, coal prices have been declining. Known as the market leader of the Bohai Sea thermal coal price index for 17 weeks accumulated since mid-November last year, down 81 yuan / ton. Qinhuangdao coal network data show that as of March 27, the Bohai Rim thermal coal integrated average price reported received 777 yuan / ton, for three consecutive weeks accumulated only up to 5 yuan / ton.
In addition, a quarter of coal inventory transfer to the downstream. According to statistics, as of the end of March, the national coal inventory at 223 million tons, maintaining the 10 month fixed. Which, coal enterprises inventory of 50 million tons from last month at the end to reduce 200 million tons, down 3.8 percent; focus on power generation enterprises coal storage of 76.68 million tons, an increase of 5.47 million tons compared with early March; as of April 5, Qinhuangdao Port coal stocks 6.43 million tons, compared to mid-February, a decrease of 2 million tons.
In fact, Shanxi, Henan, Inner Mongolia and other provinces had introduced a limited production policy, production control as the primary means to address excess supply of coal this year, prices fell. (Wang Lu)