Imported coal was started a price war to resist buying cheap domestic electricity prices of coal
Shenhua Group is represented in coal prices after a substantial price reduction, described the effect is significant, imported coal prices upside down, coal imports plummeted.
According to data recently released by the General Administration of Customs, imports of coal imports in February fell nearly forty percent.
I understand that after the boycott of imported coal, domestic coal pulling boats increased significantly. Shenhua Huanghua inventory decline is particularly evident, the plant has also started before the Datong-Qinhuangdao line maintenance rush to transport.
Some analysts believe that by the price war is not wise to seize the market, this price will not last too long way, because the current exceeds the cost of a lot of domestic coal mines, leading to mine at a loss.
In addition, the plant also want to purchase some of diversification, so that coal prices will not be stuck neck. In the long term, coal market oversupply will continue to be the norm.a