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Coal inventory is high, price is low, import coal restriction policy is restarted.
Time:2018-04-05   Read:617second  

The Fuzhou Municipal People's government port office requested that the berth berths located in the Luoyuan Bay port area of Fuzhou port are not allowed to operate coal import business during the temporary opening, according to the unified requirements for the national policy of reducing the import of coal.

The coal industry believes that the demand for coal in the coastal market is weak and coal prices continue to go down. The policy of restarting import coal is expected. The regulation of imported coal policy is one of the effective chips to control the market.

"Since March 24th, the market rumors that China's two port banned imports of coal, was caused by a hot market. There are official documents show that since April 1st the Luoyuan Bay of Fuzhou port coal import ban. The policy of import coal restriction will start from two kinds of ports. There are more ports in Fujian. And 4 days, it will also prohibit the importation of imported coal ships. Pan Hanxiang, a researcher at the Institute for coal research, said in an interview with the Shanghai newspaper reporter that the import coal restriction policy was restarted at the moment, in order to postpone the fall of coal price and avoid large fluctuations in the energy market.

The latest coastal six power group stocks rose to a maximum of 14 million 2 thousand and 100 tons, up nearly 5 million tons over the same period last year, which is the highest stock in the six largest electric power group since 2013. It is reported that some power plants transfer their cargo right at the port due to the limited stock of their own fields, but they will not be sent to power plants temporarily. In the downstream ports, high inventory pressure, coal procurement market momentum weakened further.

The last phase of the Bohai power coal price index closed at 571 yuan per ton, and the price index of coal mining in the north port of Yi coal was 623.30 yuan per ton, and the ring fell by 15.30 yuan / ton, with a drop of 2.40%. After the end of the non electricity terminal replenishment, the market transaction is once again cold, and the overall decline is showing signs of expansion.

Pan Hanxiang told reporters that because of the price advantage of imported coal, it is a competitive relationship with the domestic coal, and the market share of pressing the imported coal is beneficial to protect the results of the supply side reform, and is also in line with the idea of helping the coal enterprises to "get out of the trap" as soon as possible. From the perspective of environmental protection, the relevant departments in the future will increase the entry threshold for imported coal with low heat, high ash and high sulfur.

2017 first half of the domestic coal imports 1.33 tons, up 23.5%. Since the implementation of the import coal restriction policy in July last year, the market import volume in the second half of this year is about 1.38 billion tons, down 6.6% compared to the same period last year. In the second half of last year, the average monthly import volume decreased by 3 million tons compared with the same period in 2016. According to the implementation of last year's policy implementation, the restart of import coal restriction policy will have a great impact on the supply of coastal market.

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